Tether Posts $1.5B Q2 Profit as Excess Reserves Halve to $4.11 Billion

TLDR: Tether’s excess reserves fell 50% to $4.11 billion after a record $8.23 billion in Q1 2026. Net operating profit hit $1.50 billion, driven mainly by U.S. Treasury and repo income sources. USD₮ issuance rose to $184.6 billion, pushing Tether’s stablecoin market share past 60% overall. Tether cut secured lending by $2.38 billion and expanded [...]

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