Tether Q2 Net Operating Profit Hits $1.5B, Reserves Reach $4.11B

Tether reported $1.5B Q2 profit and $4.11B reserves, with USD₮ supply rising to $184.6B and secured loan exposure dropping 15%.

Woofun AI data shows Tether International released its Q2 2026 audit report, prepared by BDO, verifying financial data and reserve composition as of June 30, 2026. USD₮ issuance reached approximately $184.6 billion, an increase of $446 million from Q1, maintaining a stablecoin market share exceeding 60%. The company recorded a net operating profit of $1.5 billion, driven mainly by Treasury bonds and buyback operations.

Total assets stood at $187.751 billion against liabilities of $183.642 billion, resulting in a reserve surplus of $4.11 billion. Secured loan exposure fell by $2.38 billion, a 15% decrease. CEO Paolo Ardoino stated that USD₮ remains fully backed, noting the addition of 14 tons of physical gold and a user base expansion of over 30 million. Tether also continued its Big Four audit process during the quarter.