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 $18.8 billion, and holds nearly $115 billion in U.S. Treasuries, alongside 98,932 Bitcoin worth $5.8 billion. Tether's assets exceed liabilities by $4.11 billion, demonstrating strong financial health amid market challenges. The company also hired KPMG for its first full third-party audit, enhancing transparency as its user base grows by over 30 million.
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...
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...
