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Tether reported a net operating profit of approximately $1.50 billion for the second quarter of 2026, with total assets reaching $187.75 billion. The company's gold reserves expanded to over 146 tons, while secured lending was reduced by $2.38 billion. However, excess reserves protecting USDT holders decreased to $4.11 billion, down from a previous record of $8.23 billion. These financial results highlight Tether's sustained profitability alongside shifts in its reserve surplus composition.