Tether clears $1.5 billion in profit as its safety cushion shrinks by half
The stablecoin issuer stockpiled 14 tons of gold and 1,800 bitcoin, but a market slump dragged down the overall dollar value of its balance sheet.
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The stablecoin issuer stockpiled 14 tons of gold and 1,800 bitcoin, but a market slump dragged down the overall dollar value of its balance sheet.
Tether clears $1.5 billion in profit as its safety cushion shrinks by half
Finance
Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
By
Olivier Acuna
|
Edited by
Stephen Alpher
Jul 31, 2026, 6:24 p.m.
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Tether increased its gold stockpile by 14 tons, which means it now has roughly 146.2 metric tons. (Jingming Pan/Unsplash)
Summary
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Tether reported $1.5 billion in net operating profit for the second quarter of 2026, even as its reserve buffer fell by about half to $4.11 billion.
The stablecoin issuer increased its gold holdings to roughly 146.2 metric tons and its bitcoin stash to 98,933 BTC.
Tether
reported $1.5 billion in net operating profit
for the second quarter of 2026, driven by returns from its U.S. Treasury and repurchase agreement holdings.
The issuer of USDT, the world’s largest stablecoin, reported holding $187.75 billion in assets against $183.64 billion in liabilities as of June 30, leaving it with $4.11 billion in excess reserves, according to the
BDO attestation released Friday.
Those excess reserves are down from just over $8.23 billion three months earlier.
The second quater report shows Tether increased its physical gold holdings by 14 tons to roughly 146.2 metric tons from 132.2 tons during the quarter. The value of those holdings, however, fell to $18.84 billion from $19.84 billion because the price of gold dropped about 15% to just over $4,000 per ounce.
The company lifted bitcoin holdings by roughly 1,796 coins to 98,933 BTC. The value of those holdings fell to $5.80 billion from $6.62 billion as the bitcoin price used in the reports declined to $58,600 from $68,200, during the period.
Tether’s USDT issuance increased by about $446 million to $184.6 billion during the quarter.
Tether
Stablecoins
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