Tether reported a $1.5 billion operating profit in Q2 2026, driven by returns from US Treasury holdings and repo operations. The company holds $187.7 billion in assets, including $4.1 billion in excess reserves, and controls over 60% of the stablecoin market with a USDT supply of $184.6 billion. Tether reduced secured loans by $2.4 billion and increased its gold holdings by 14 tons, now totaling over 146 tons. It is also expanding its US-focused stablecoin, USAT, on the Celo blockchain and exploring tokenized capital-market infrastructure in Africa, signaling growth beyond traditional stablecoin operations.
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 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 i...
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...
