Tether reported $1.5 billion in net operating profit for the second quarter of 2026, supported by strong returns from its U.S. Treasury and repurchase agreement investments, according to its latest BDO attestation. As of June 30, the issuer of USDT, the worlds largest stablecoin, held total assets of $187.75 billion against liabilities of $183.64 billion. This left Tether with $4.11 billion in excess reserves, although the figure declined from more than $8.23 billion at the end of the previous quarter. The report also showed changes in Tethers reserve portfolio. The company increased its… Read more
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