Tether reported a decline of more than $4 billion in its excess reserves during Q2, reducing the buffer above its stablecoin liabilities to about $4.11 billion. Despite this drop, Tether confirmed that USDT remains fully backed and generated a net operating profit of $1.5 billion for the quarter. The decrease in excess reserves reflects shifts in asset allocation, including increased gold holdings, rather than a loss of backing. This update is significant as it affects market confidence in USDT's stability, though the company maintains a strong financial position and full backing of its stablecoin.
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 stablecoi...
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...
