Tether reported its Q2 2026 results. Operating profit: $1.5 billion, reserves: $4.11 billion.

USDT issuance has risen to $184.6 billion—$446 million more than in Q1, despite a decline in overall market capitalization. USDT’s share of the stablecoin market has exceeded 60%.

- Assets: $187.75 billion, Liabilities: $183.64 billion
- Reserves exceed liabilities by $4.11 billion
- Backed lending has decreased by $2.38 billion (15%)
- Gold reserves have grown to over 146 tons (+14 tons quarter-on-quarter)

CEO Paolo Ardoino: “This quarter, the reserves underwent a real-market test and remained fully backed.”