CoinDesk
Tether Posts $1.5B Q2 Profit as Reserves Plummet by Half
July 31, 2026•03:24 PM
Tether, the world's largest stablecoin issuer, reported a staggering $1.5 billion operating profit in Q2, even as its reserve buffer fell by half. The company added 14 metric tons of gold and approximately 1,800 bitcoin to its reserves during the quarter, showcasing a diversified reserve strategy amid market turbulence. This development comes at a critical time for the cryptocurrency market, where stablecoin transparency faces intense scrutiny. Tether's robust profit contrasts sharply with its shrinking reserve, raising questions about the long-term sustainability of the stablecoin model. The strategic moves into gold and bitcoin may signal preparation for future volatility or an attempt to bolster investor confidence amid increasing regulatory pressures.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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