Tether Posts $1.3B Net Profit in Q2, USDT Supply Continues to Grow

Stablecoin issuer Tether reported a net profit of $1.3 billion for the second quarter, while USDT supply continued to expand during the period. In its quarterly report, the company said its reserve assets remain sufficient and disclosed a detailed breakdown of those holdings.

Tether is the world’s largest stablecoin issuer, and USDT is widely used for on-chain settlement, cross-border payments, and exchange trading. Market observers say the growth in stablecoin supply reflects rising demand for on-chain liquidity from automated payment systems and AI agent settlements, while also raising expectations for issuers around reserve transparency and compliance scrutiny.