Key Takeaways
- Tether reported $1.5B in Q2 revenue as USDT cap reached $184.6B, capturing 60% of the stablecoin market.
- Tether backed USDT with $115B in Treasuries and $18.8B in gold, constructing $4.11B in extra reserves.
- Tether employed KPMG for its first third-party audit, driving transparency after including 30 million customers.
Tether Releases Q2 Attestation, Studies $1.5 Billion Working Revenue
Tether, the most important cryptocurrency monetary providers firm, has launched stellar outcomes for Q2 2026.
In an attestation signed by BDO Advisory Companies, which examined Tether’s numbers as of June 30, the corporate reported a internet working revenue of $1.5 billion in Q2 2026, with elevated issuance and rising adoption ranges.
In response to the report, USDT’s market capitalization grew by $446 million in comparison with Q1, reaching $184.6 billion and controlling 60% of the stablecoin sector at the same time as the general cryptocurrency market valuation shrank. Moreover, Tether maintains its place as one of many largest non-public holders of U.S. Treasuries, hoarding near $115 billion in these devices.
The second supply of collateral for Tether’s stablecoin issuance is gold, with the attestation certifying holdings valued at $18.83 billion as the corporate added 14 tons of gold throughout Q2.
Tether’s bitcoin holdings grew to over 98,932 BTC price $5.8 billion at June 30’s $58,642.15 per coin costs.
Property backing USDT exceed the corporate’s liabilities by $4.11 billion, underscoring Tether’s resilience throughout unfavorable market circumstances.
Tether CEO Paolo Ardoino remarked on the corporate’s capacity to navigate these circumstances whereas sustaining profitability and operability. “Q2 demonstrated the power of Tether’s reserve technique below actual market stress,” he stated, stressing that the property that again a few of its reserves “had been examined instantly.”
Ardoino identified that USDT’s consumer base grew by greater than 30 million customers, underscoring the recognition of Tether’s key stablecoin enterprise in international markets.
“These outcomes present that Tether has the liquidity, self-discipline, and scale to stay resilient throughout market cycles whereas persevering with to serve tons of of tens of millions of customers around the globe,” he concluded.
Whereas Tether has been releasing quarterly attestations since its launch, the corporate is taking motion to launch its first third-party audit, having employed Massive 4 agency KPMG to be a part of its transparency pivot.