Latest Update
7/31/2026 3:43:00 PM

Tether: Reports $1.5B Q2 Profit With 184.6B USDT

Tether: Reports $1.5B Q2 Profit With 184.6B USDT

Tether posts $1.5B net operating profit in Q2 2026, USDT supply hits 184.6B and users reach 650M+ all-time high amid emerging market surge.

Source

Analysis

Tether delivered ~$1.5B in net operating profit for Q2 2026 while total issued USDT reached 184.6B and excess reserves stood at 4.1B, according to the quarterly attestation released 31 July. User base expanded to a fresh 650M+ record, driven by demand across emerging markets during ongoing geopolitical stress. The results underscore Tether's liquidity buffer and scale in serving global stablecoin demand, separate from overheated AI valuations elsewhere in finance. USDT market growth, stablecoin reserves analysis and crypto financial inclusion metrics all advanced sharply in the period.


Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,