Tether Reports $4.9 Billion Q2 Net Profit
The stablecoin giant posted monster profits as it readies new strategies for a post-GENIUS U.S. market.
Tether just reported a $4.9 billion net profit for the second quarter, driven by growing Treasury exposure and strong market demand for USDT. The company also teased a handful of U.S.-focused initiatives on the way.
What’s the Scoop?
- Big Earnings Beat: Tether says it made $4.9 billion in net profit in Q2, bringing its total for the year to $5.7 billion so far.
- Massive Treasury Holdings: The firm now holds about $127 billion in U.S. Treasury exposure, with $105.5 billion directly held.
- Extra Cushion: Tether reported $5.4 billion in “excess reserves,” meaning capital held beyond what backs USDT in circulation.
- BTC and Gold Stash: The reserve mix includes $8.9 billion worth of
Bitcoin (around 83,200 BTC) and $8.7 billion in gold. - Hinted U.S. Expansion: CEO
Paolo Ardoino said Tether has deployed $4 billion toward a set of U.S. ventures, including investments in AI, Rumble, and future wallet products.
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