Tether reports Q2 net profit of $1.5 billion, but halved excess reserve buffer raises concerns

Original sourceCryptoNews

Summary

Tether reported a Q2 2026 net operating profit of $1.5 billion, mainly from US Treasury bills and repo agreements, but its excess reserve buffer dropped from $823 million to $411 million month-on-month, a 50% decline. USDT supply reached $184.6 billion, over 60% of the stablecoin market, but net is…

Key points

Investors and users can understand Tether's reserve status and interest rate risk to assess stablecoin stability.
A shrinking reserve buffer at Tether could impact USDT stability, with systemic implications for the crypto market.
If reserves continue to decline, it may raise concerns about USDT's redeemability.

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Editorial note

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