- Tether generated roughly $1.5 billion in internet working revenue through the second quarter of 2026, pushed primarily by U.S. Treasury investments and repo operations.
- USDT’s circulating provide climbed to $184.6 billion, giving the stablecoin greater than 60% of the worldwide stablecoin market.
- The corporate additionally elevated its gold holdings, maintained $4.1 billion in extra reserves, and ended the quarter with roughly $5.8 billion value of Bitcoin.
Tether reported roughly $1.5 billion in internet working revenue through the second quarter of 2026, highlighting continued progress because the world’s largest stablecoin issuer expands each its reserves and consumer base.
In keeping with the corporate’s newest BDO attestation, sturdy returns from its U.S. Treasury portfolio and repurchase settlement (repo) operations remained the first drivers of profitability.
The outcomes reinforce Tether’s place because the dominant participant within the world stablecoin market.
USDT Provide Continues to Develop
Through the second quarter, the circulating provide of USDT elevated to roughly $184.6 billion by the top of June.
That progress pushed Tether’s market share to greater than 60% of the worldwide stablecoin market, additional widening its lead over competing dollar-backed stablecoins.
The corporate additionally reported whole property of roughly $187.7 billion towards $183.6 billion in liabilities, leading to $4.1 billion of extra reserves.
Treasury Holdings Stay the Core of Reserves
Tether stated its reserve portfolio continues to be closely concentrated in high-quality liquid property, with U.S. government-backed securities remaining the muse of its reserve technique.
The corporate additionally diminished its secured lending publicity by roughly $2.4 billion through the quarter, persevering with efforts to strengthen the standard and liquidity of its reserves.
Gold and Bitcoin Publicity Expands
Alongside its conventional reserve property, Tether elevated its publicity to various shops of worth.
The corporate added 14 metric tons of bodily gold, bringing whole holdings to greater than 146 tons.
It additionally completed the quarter holding roughly $5.8 billion value of Bitcoin, noting that its reserve portfolio efficiently navigated vital volatility in each the gold and cryptocurrency markets.
Consumer Development and Audit Progress Proceed
Past its monetary efficiency, Tether disclosed that it added greater than 30 million customers worldwide through the second quarter.
The corporate additionally stated it continues working towards a Large 4 audit whereas increasing its broader expertise and monetary infrastructure ecosystem.
With rising reserves, growing profitability, and continued USDT adoption, Tether stays one of many largest and most influential corporations working throughout the digital asset trade.
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