Tether reported a $1.5 billion net operating profit for Q2 2026, driven by returns from U.S. Treasury and repurchase agreements. Despite this profit, its reserve buffer fell by about half to $4.11 billion, down from $8.23 billion in Q1. The company increased its gold holdings by 14 metric tons to approximately 146.2 tons and added about 1,800 bitcoin to its reserves, though the value of these assets declined due to falling gold and bitcoin prices. Tether's USDT stablecoin issuance also rose by $446 million to $184.6 billion during the quarter, reflecting ongoing demand for its stablecoin.
The largest stablecoin issuer reported $1.5 billion in profits for Q2 2026, driven mainly by income from U.S. Treasury holdings. Despite broader cryptocurrency market declines, USDT tokens in circulation grew to $184.6 billion, maintaining over 60% o...
Tether, issuer of the largest stablecoin USDT, posted a $1.5 billion net profit in Q2 2026, with USDT's market cap rising to $184.6 billion, capturing 60% of the stablecoin market. The company increased its gold holdings by 14 tons, now valued at $18...
Cryptocurrency markets saw a general decline with Bitcoin dropping about 2.96% to $62,903 and Ethereum falling 2.63% to $1,868.99. Other major coins like Binance Coin and XRP also experienced losses, reflecting ongoing market volatility. Some smaller...
Tether reported a net operating profit of $1.5 billion in Q2 2026, with USDT circulation reaching $184.6 billion, capturing over 60% of the stablecoin market. The company’s reserves exceeded liabilities by $4.11 billion, mainly held in short-term U.S...
Tether reported a net operating profit of approximately $1.5 billion in Q2 2026, driven mainly by returns from its US Treasury portfolio and repo operations. The company's USDT stablecoin supply grew to about $184.6 billion, holding over 60% of the g...
