USDT: Tether Posts $1.3 Billion in Profit in a Single Quarter

Tether has won big again with USDT. The issuer of the market’s first stablecoin reports a net operating profit of 1.3 billion dollars in the second quarter of 2026. Its excess reserves now reach 5.2 billion. U.S. Treasury bonds remain at the heart of its revenues.

USDT generates another 1.3 billion for Tether

Tether continues to accumulate profits. In 2025, the group had already exceeded 10 billion dollars in profits. The second quarter of 2026 adds 1.3 billion dollars in net operating profit. The figure comes from the new reserves attestation.

USDT remains the cornerstone. Each token in circulation must be backed by assets held by Tether. A large part of these reserves is held in highly liquid instruments, notably short-term U.S. debt.

These investments generate interest. Tether keeps it. With the current size of USDT, the result rises quickly. The stablecoin is still used on exchanges, in DeFi, for payments, or simply as a digital dollar between two crypto transactions. The larger the supply grows, the more reserves also grow. And the revenues along with them.

U.S. Treasury bonds continue to pay off

Tether has held a significant amount of U.S. Treasury bonds for several years. This exposure has become one of its main sources of income. The group directly benefits from still-high rates in the United States.

Users hold USDT. Tether places the reserves. The interest stays within the company. The weight taken by stablecoins is now beginning to far exceed the crypto market alone. Cointribune recently looked back at their growing role in financing U.S. debt.

Tether finds itself in the middle of this evolution. The group does not only depend on a rising Bitcoin or a favorable altcoin season. Its reserves already generate income. The quarter shows it again. 1.3 billion dollars. Not thanks to a new token. Not thanks to a spectacular market rise. Mainly thanks to the assets supporting USDT.

Tether maintains a 5.2 billion margin

The other important figure of the report reaches 5.2 billion dollars. It concerns excess reserves. In other words, Tether claims to hold 5.2 billion dollars of assets more than the amount required to cover the USDT in circulation.

This cushion is therefore added to the coverage of the tokens. It can absorb a drop in some assets or other expenses without directly touching the reserves supposed to support USDT. The group remains closely watched. Tether’s size attracts regulators, banks, and governments. USDT now circulates well beyond traditional crypto platforms.

International payments. Emerging markets. Dollar savings. Trading. U.S. regulation must also be reinforced in the coming months. Tether will have to deal with a much more precise framework for stablecoins, notably with the GENIUS law preparing new rules for issuers of digital dollars like USDT.