As of June 30, 2026, Tether reported $187.75 billion in assets against $183.64 billion in liabilities, with net operating profit of $1.5 billion in the second quarter. The company held over 146 tonnes of physical gold ($18.8 billion) and 98,933 BTC ($5.8 billion), having added 14 tonnes of gold and approximately 1,800 BTC during the period. Paolo Ardoino aims to allocate between 10 and 15 percent of operating profits to Bitcoin purchases and retains all interest generated by the reserves backing USDT, with $183.6 billion in circulation. KPMG issued an unqualified opinion in August 2026 on Tether International’s 2025 accounts, a first for the company which had previously mainly published quarterly attestations.
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