Tether Q2 Net Operating Profit Reaches $1.5 Billion; Reserve Buffer Hits $4.11 Billion

ChainCatcher report: Tether International, S.A. de C.V. has released its second quarter 2026 attestation report, prepared by the global independent accounting firm BDO, confirming Tether’s financial data and reserve disclosures, and outlining the assets backing USD₮ as of June 30, 2026. As of the end of the second quarter, USD₮ circulation amounted to approximately $184.6 billion, an increase of about $446 million from the end of the first quarter, with Tether’s stablecoin market share exceeding 60%. Tether’s net operating profit for the second quarter was approximately $1.5 billion, primarily generated from U.S. Treasury securities and repurchase agreements. As of quarter-end, Tether’s total assets stood at $187.751 billion, with total liabilities at $183.642 billion, of which $183.622 billion relates to issued digital tokens. Assets exceeded liabilities by approximately $4.11 billion, with secured loan exposure decreasing by about $2.38 billion, a 15% reduction. Tether CEO Paolo Ardoino stated that USD₮ remains fully backed by reserves, with 14 metric tons of physical gold added during the quarter and over 30 million new users added globally. Tether also continued its audit process with the Big Four accounting firms during the second quarter.