Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
AI Summary
Tether reported $1.5 billion in net operating profit for the second quarter of 2026, driven by returns from its U.S. Treasury holdings. However, its reserve buffer fell by roughly half to $4.11 billion, as the dollar value of its gold and bitcoin holdings declined due to falling prices. The stablecoin issuer added 14 tons of gold and about 1,800 bitcoin during the quarter, but gold dropped 15% and bitcoin fell from $68,200 to $58,600, reducing the total value of those reserves.