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.
YayaNews contributes financial news and market context through the YayaNews editorial workflow.
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.
1
min read
Make
preferred on
Share
Share this article
Copy link
X icon
X (Twitter)
Make
preferred on
Tether increased its gold stockpile by 14 tons, which means it now has roughly 146.2 metric tons. (Jingming Pan/Unsplash)
Summary
Show
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
Bitcoin News
Latest Crypto News
1
The good and the bad of perps, according to crypto traders
2 hours ago
2
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
2 hours ago
3
Quantum computing nears commercial breakthrough, IBM CEO says
4 hours ago
4
Crypto faces 3 barriers to next bull run, STS Digital CEO says
4 hours ago
5
Circle secures New York trust charter as crypto regulatory push accelerates
6 hours ago
6
Coinbase's weak quarter leaves Wall Street split on timing of a recovery
6 hours ago
7
RWA perps will outpace tokenization
6 hours ago
8
Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
7 hours ago
9
World Cup bets smash records as prediction markets hit $20 billion in volume
7 hours ago
10
U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships
7 hours ago
Latest Research
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
By
CoinDesk Research
Jun 29, 2026
Commissioned by
Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters
:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
View Full Report
More From
Finance
The good and the bad of perps, according to crypto traders
Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
Crypto
CD20
$1,729.33
CD20 down 2.28 percent
2.28%
BTC
$62,944.07
BTC down 2.77 percent
2.77%
ETH
$1,866.31
ETH down 2.87 percent
2.87%
XRP
$1.06
XRP down 2.35 percent
2.35%
SOL
$73.10
SOL down 2.14 percent
2.14%
Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
Topics & Symbols
Continue Reading
Related Reading
Coldcard exploit reignites Bitcoin self-custody debate after $38 million theft
A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.
The good and the bad of perps, according to crypto traders
Both retail and institutional traders worry about the funding rate.
Ex-FTX Users Report Funds Being Released in $900M Distribution Round
Nearly four years after the collapse of FTX, which cut users off from billions of dollars, the trust behind the exchange is distributing funds for a fifth time.
Quantum computing nears commercial breakthrough, IBM CEO says
Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.
