Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half

Jul 31, 2026

Summary

  • Tether reported 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 Q2 2026, driven by returns from U.S. Treasury and repurchase agreement holdings.

Per BDO attestation as of June 30: 183.64 billion in liabilities → 8.23 billion three months earlier.

Gold: +14 tons to ~146.2 metric tons (from 132.2); value fell to 19.84B as gold price dropped ~15% to just over $4,000/oz.

Bitcoin: +~1,796 coins to 98,933 BTC; value fell to 6.62B (report BTC price 68,200 prior).

USDT issuance increased by about 184.6 billion during the quarter.