Published Jul 31, 2026, 11:33 AM ET · Updated 3 months ago · 2 sources
NEW: Tether reported Q2 net operating profit of $1.5B as $USDT supply climbed to $184.6B, extending its stablecoin market share to more than 60%, according to its latest BDO attestation. The issuer said reserves exceeded liabilities by $4.11B at quarter-end, while it cut secured lending exposure by $2.38B and remained one of the world's largest buyers of U.S. Treasuries.
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NEW: Tether reported Q2 net operating profit of $1.5B as $USDT supply climbed to $184.6B, extending its stablecoin market share to more than 60%, according to its latest BDO attestation. The issuer said reserves exceeded liabilities by $4.11B at quarter-end, while it cut secured lending exposure by $2.38B and remained one of the world's largest buyers of U.S. Treasuries.