Tether's Reserve Buffer Halves in Second Quarter

Tether has published its reserve asset report for the second quarter of 2026, revealing that its reserve buffer has approximately halved, reaching $4.11 billion as of June 30, 2026. During the same period, the total issued USDT tokens amounted to around $184.6 billion. The reserves primarily consist of U.S. government bonds, reverse repurchase agreements, and short-term liquid instruments. Despite the significant reduction, the reserve remains positive, and the peg of USDT to the US dollar remains intact. This development is notable because USDT is the largest source of dollar liquidity in the cryptocurrency market, and a decrease in reserves could have implications for its long-term stability and market confidence.