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The largest stablecoin institution reported a $446 cardinal marketplace capitalization summation contempt a wide marketplace slowdown successful Q2. While astir of USDT’s collateral is inactive comprised of U.S. Treasury bills, the institution grew its golden stash by 14 tons of carnal gold, with a nett gross of $1.5 billion.
Published: Jul 31, 2026, 1:52 PM
Key Takeaways
- Tether reported $1.5B successful Q2 nett arsenic USDT headdress reached $184.6B, capturing 60% of the stablecoin market.
- Tether backed USDT with $115B successful Treasuries and $18.8B successful gold, gathering $4.11B successful excess reserves.
- Tether hired KPMG for its archetypal third-party audit, driving transparency aft adding 30 cardinal users.
Tether Releases Q2 Attestation, Reports $1.5 Billion Operating Profit
Tether, the largest cryptocurrency fiscal services company, has released stellar results for Q2 2026.
In an attestation signed by BDO Advisory Services, which examined Tether’s numbers arsenic of June 30, the institution reported a nett operating nett of $1.5 cardinal successful Q2 2026, with accrued issuance and increasing adoption levels.
According to the report, USDT’s marketplace capitalization grew by $446 cardinal compared to Q1, reaching $184.6 cardinal and controlling 60% of the stablecoin assemblage adjacent arsenic the wide cryptocurrency marketplace valuation shrank. Furthermore, Tether maintains its presumption arsenic 1 of the largest backstage holders of U.S. Treasuries, hoarding adjacent to $115 cardinal successful these instruments.
Tether reserves breakdown. Source: Tether Q2 2026 Financial Figures & Reserves Report.The 2nd root of collateral for Tether’s stablecoin issuance is gold, with the attestation certifying holdings valued astatine $18.83 cardinal arsenic the institution added 14 tons of golden during Q2.
Tether’s bitcoin holdings grew to implicit 98,932 BTC worthy $5.8 cardinal astatine June 30’s $58,642.15 per coin prices.
Assets backing USDT transcend the company’s liabilities by $4.11 billion, underscoring Tether’s resilience during unfavorable marketplace conditions.
Tether CEO Paolo Ardoino remarked connected the company’s quality to navigate these conditions portion maintaining profitability and operability. “Q2 demonstrated the spot of Tether’s reserve strategy nether existent marketplace pressure,” he said, stressing that the assets that backmost immoderate of its reserves “were tested directly.”
Ardoino pointed retired that USDT’s idiosyncratic basal grew by much than 30 cardinal users, underscoring the popularity of Tether’s cardinal stablecoin concern successful planetary markets.
“These results amusement that Tether has the liquidity, discipline, and standard to stay resilient crossed marketplace cycles portion continuing to service hundreds of millions of users astir the world,” helium concluded.
While Tether has been releasing quarterly attestations since its launch, the institution is taking enactment to merchandise its archetypal third-party audit, having hired Big Four steadfast KPMG to beryllium portion of its transparency pivot.
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