Tether International has published its second-quarter 2026 attestation report, prepared by BDO—the world’s fifth-largest independent auditing firm. The report confirms the accuracy of Tether’s data on reserves backing USD₮ as of June 30, 2026.
Key figures:
- The volume of USD₮ issued rose to approximately $184.6 billion—a $446 million increase from the end of Q1, despite a decline in the overall stablecoin market capitalization.
- The share of USD₮ in the stablecoin market exceeded 60%.
- Net operating profit for the quarter reached about $1.50 billion—mainly driven by U.S. Treasury bonds and repurchase agreements.
- Reserves exceeded liabilities by roughly $4.11 billion.
- The company reduced its exposure to secured lending by approximately $2.38 billion (15%).
- Gold reserves increased by 14 tons, surpassing 146 tons.
Balance sheet figures as of June 30, 2026:
- Total assets: $187,751,426,411
- Total liabilities: $183,641,897,215 (of which $183,622,105,630 is attributable to issued tokens)
- Excess of assets over liabilities: $4,109,529,196
Tether continues to work toward conducting an audit under the Big Four standards while simultaneously developing a broader technological and financial infrastructure.
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