Tether has just released its Q2 Proof of Reserves report, and there are plenty of highlights:
Q2 net operating profit is approximately $1.5 billion, reserves exceed liabilities by $4.11 billion, and USDT continues to be fully supported.
A few key figures to note:
① As of June 30, the USDT issuance is about $184.6 billion, and its market share has expanded to more than 60% of the stablecoin market;
② The company’s total assets are $187.75 billion, total liabilities are $183.64 billion, of which $183.62 billion are issued digital tokens;
③ Profits are mainly driven by U.S. Treasury holdings and repo business, and Tether claims to be one of the largest buyers of U.S. Treasuries globally;
④ The secured lending exposure has been reduced by $2.38 billion, a 15% decline;
⑤ Gold holdings increased by 14 tons, surpassing 146 tons.
CEO Paolo Ardoino said that in Q2, the reserves underwent direct market pressure testing. USDT maintained full redemption throughout, and global user growth exceeded 30 million during the quarter.
Against the backdrop of a broader industry market-cap pullback, USDT’s share expanded against the trend, indicating that on-chain demand for dollars remains strong. Of particular note is the continued increase in gold holdings—Tether is going further along the path of diversifying its reserve structure.
#稳定币 #Tether #USDT