Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAnand SinhaFri, July 31, 2026 at 11:25 PM GMT+2 1 min readStablecoin issuer Tether published the attestation for the second quarter of 2026 on July 31 in which it reported generating a net operating profit of $1.5 billion, thanks to the interest it earned on U.S. Treasury holdings and repurchase agreements.Since the majority of Tether's reserves remain in U.S. government-backed instruments and short-term liquidity facilities, it remains one of the world's largest buyers and holders of U.S. Treasuries, it said.Related: Exclusive: Tether co-founder says Bitcoin volatility proves why stablecoins have already wonAt the end of Q2, Tether said its reserves exceeded its liabilities by approximately $4.11 billion and reduced its secured lending exposure by around $2.38 billion.The issuance of USDT, its U.S. dollar-pegged stablecoin, grew with around $184.6 billion in tokens issued at the end of Q2, which is around $446 million higher than the figure at the end of Q1.As of June 30, Tether'sTotal assets amount to $187.75 billion.Total liabilities amount to $183.64 billion, of which $183.62 billion relate to digital tokens issued.Tether CEO Paolo Ardoino underscored that USDT, its U.S. dollar-pegged stablecoin, remained fully backed with its reserves still exceeding liabilities by $4.11 billion.He also highlighted the stablecoin giant buying 14 tons of physical gold during the last quarter, bringing its holdings to $18.8 billion.Ardoino said, "These results show that Tether has the liquidity, discipline, and scale to remain resilient across market cycles while continuing to serve hundreds of millions of users around the world."Tether's report was attested by BDO, a top-five global independent accounting firm.Related: Major gold holder dumps millions as gold falls below $4,000This story was originally published by TheStreet on Jul 31, 2026, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info