Odaily Planet Daily report: Tether released its financial report on Friday, stating that its excess reserves in the second quarter decreased by $4.1 billion compared to the previous quarter, nearly halved.
As of the end of the first quarter, Tether, the issuer of USDT, stated that its assets exceeded its liabilities by $8.2 billion; however, the latest data shows this figure has decreased to $4.1 billion.
The report also shows that Tether posted a net loss of $3.2 billion for the first half of this year. Given that the company reported a net profit of $1 billion in the first quarter, this implies a potential loss of over $4 billion in the second quarter.
Compared to the same period last year, Tether’s performance has also weakened significantly. The company reported a net profit of $4.9 billion for the second quarter of 2025, compared to a net operating profit of $1.5 billion for this year’s second quarter. Net operating profit typically excludes unrealized gains and losses from price fluctuations in assets such as Bitcoin and gold.