Tether reported a net profit of $1.5 billion for the second quarter of 2026, while the number of users of its USDT stablecoin hit 650 million, the company announced.
The Q2 numbers
The profit figure and user count come from Tether's latest financial disclosure. USDT is a digital token designed to hold a steady value of $1. The company did not break down where the revenue came from or which regions added the most users. The 650 million figure covers active wallets and accounts that hold or transact in USDT.
Where the profit comes from
Tether makes money mainly from the interest and returns on the assets that back USDT. Those reserves include U.S. Treasury bills, cash, and other investments. The $1.5 billion profit suggests those holdings generated strong returns during the quarter. The company has faced questions in the past about the composition of its reserves, but the Q2 report did not include a detailed breakdown of the portfolio.
What the user count means
650 million users is a big number. It shows that USDT is used widely for trading on crypto exchanges, for sending money across borders, and for everyday payments in some regions. The stablecoin has been around for years and is accepted by many platforms. The growth in users from previous quarters was not disclosed, but the figure points to continued adoption.
Tether's next quarterly report is expected in the third quarter of 2026. The company has not yet set a specific date for that release.
