Tether revealed a $1.5 billion net operating profit for Q2 2026, despite its reserve buffer shrinking to $4.11 billion from over $8.23 billion three months earlier. The stablecoin issuer’s balance sheet showed $187.75 billion in assets against $183.64 billion in liabilities as of June 30.
During the quarter, Tether boosted its physical gold holdings by 14 metric tons, reaching approximately 146.2 metric tons. Yet, the value of this gold stash dropped to $18.84 billion from $19.84 billion due to a 15% decline in gold prices, which fell to just over $4,000 per ounce.
The company also increased its bitcoin reserve by nearly 1,800 coins, totaling 98,933 BTC. However, the value of these bitcoins decreased from $6.62 billion to $5.80 billion as bitcoin prices slid from $68,200 to $58,600 over the same period.
Issuance of USDT rose by about $446 million, reaching $184.6 billion. Tether’s profits were mainly driven by returns on its U.S. Treasury and repurchase agreement investments.
This material is for informational purposes only and does not constitute financial advice.
