security
Tether Reports $1.5 Billion Profit in Q2 Amid Reserve Changes
Tether, the leading stablecoin issuer, announced a $1.5 billion operating profit for the second quarter. During this period, the company increased its reserves with additional gold and Bitcoin holdings, although its reserve buffer has decreased by half.
AS1 NewsSource: coindesk.com
USDT
BTCTether has disclosed a substantial operating profit of $1.5 billion for the second quarter of 2026. The stablecoin issuer also reported an increase in its reserve assets, adding 14 metric tons of gold and approximately 1,800 Bitcoin to its holdings. Despite these additions, Tether's reserve buffer has been reduced by 50%, indicating a significant shift in its reserve composition. The company’s financial results highlight its ongoing efforts to maintain backing for its stablecoin amid fluctuating market conditions. Tether's reserve management and asset allocation are closely watched by market participants for insights into the stability and backing of the USDT token.
The increase in reserve assets and profit underscores Tether's ongoing efforts to support its stablecoin, though the reduction in reserve buffer may raise questions about its reserve adequacy.