BUSINESSDECRYPT
Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
Tether reported a $1.5 billion profit in Q2 as the USDT supply expanded and its gold holdings increased to over 146 metric tons. The stablecoin's assets include U.S. Treasuries, repo agreements, and significant gold reserves.
Related Signal
Adjacent reporting
- Tether reports $1.04B profit in Q1 as Treasury holdings reach $141B
- Tether Q1 Profit Surges Past $1B as USDT Adoption Grows
- Tether's U.S.-focused stablecoin grows over 500% in a month, but still lags main rivals
- Stablecoin supply tops $300 billion but growth stalls as Tether gains at rivals’ expense
- Tether Reports Billion-Dollar Q1 Profit Amid Crypto Slump—And Says Audit Has Begun