Tether reported its Q2 2026 results: net operating profit of $1.5 billion, $4.11 billion in reserves, and gold reserves exceeding 146 tons.

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.