Tether posted approximately $1.5 billion in net operating profit during the second quarter of 2026, driven primarily by returns from its US Treasury portfolio and repo operations. USDT supply reached approximately $184.6 billion by the end of June, extending Tether’s share of the global stablecoin market to over 60%. The company reported total assets of $187.7 billion against total liabilities of $183.6 billion, resulting in excess reserves of approximately $4.1 billion. Tether also reduced secured lending by $2.4 billion and increased its physical gold holdings by 14 tons to over 146 tons. The company added more than 30 million users globally during the quarter.
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