Tether Says Excess Reserves Fell to $4.1 Billion in Q2

Tether said in a financial report on Friday that its excess reserves fell by $4.1 billion in the second quarter, nearly halving from the previous quarter. According to Odaily, Tether said the value of its assets exceeded liabilities by $8.2 billion at the end of the first quarter, but that figure dropped to $4.1 billion in the latest data.The report also showed that Tether posted a negative financial result of $3.2 billion in the first half of the year. According to Odaily, the company had reported $1 billion in net profit in the first quarter, which implies that it may have recorded a loss of more than $4 billion in the second quarter.Tether also reported weaker year-over-year results. According to Odaily, the company posted net profit of $4.9 billion in the second quarter of 2025, while net operating profit in the current second quarter was $1.5 billion. Net operating profit typically excludes unrealized gains and losses from price changes in assets such as Bitcoin and gold.