Tether Releases Q2 Financial Report: Net Operating Income Reaches $1.5 Billion, Excess Reserves Amount to $4.11 Billion

BlockBeats News, July 31st, Tether released its Q2 2026 financial report. As of June 30th, the total supply of USDT was approximately $184.6 billion, an increase of about $446 million from the end of Q1, with the stablecoin market share rising to over 60%. The report was prepared by the independent accounting firm BDO.

Tether's Q2 net operating profit was around $1.5 billion, mainly from US Treasury bonds and repurchase agreements. The company's total assets at the end of the quarter were approximately $187.751 billion, with total liabilities of around $183.642 billion. Of this, liabilities related to issued digital tokens were about $183.622 billion, leaving assets exceeding liabilities by approximately $4.1 billion.

During the quarter, the company reduced its guaranteed loan exposure by about $2.38 billion, a 15% decrease. At the same time, it increased its holdings of physical gold by 14 metric tons, bringing the total gold holdings to over 146 metric tons. Tether stated that it remains one of the largest buyers and holders of US Treasury bonds globally, with the global user base growing by over 30 million this quarter.

Tether's CEO, Paolo Ardoino, stated that despite significant fluctuations in the gold and Bitcoin markets, USDT remains fully backed by reserves. The company is concurrently advancing the audit processes with the Big Four accounting firms.