Tether Reports $1.5B Q2 Operating Profit as Gold Holdings Exceed 146 Tons

Tether reported approximately $1.5 billion in net operating profit for the second quarter, driven mainly by U.S. Treasury and repo income. As of June 30, the company held $187.75 billion in assets against $183.64 billion in liabilities, leaving a $4.11 billion reserve buffer. Tether also reduced secured lending by $2.38 billion and added 14 tons of physical gold, bringing total gold holdings to more than 146 tons. USDT issuance stood at about $184.6 billion.