tether

Digital asset company Tether announced that it has completed a full independent audit conducted by KPMG U.S. on the financial statements of Tether International, S.A. de C.V. as of December 31, 2025. KPMG U.S. issued an unqualified audit opinion.The audit covered transactions, systems, ownership records, valuations, counterparties, and financial statement evidence, and reviewed the balance sheet, income statement, statement of changes in equity, and cash flow statement. KPMG U.S. also physically counted and inspected each gold bar held by Tether. Tether's Chief Financial Officer Simon McWilliams stated that the audited financial statements for 2025 show that its reserve assets exceed liabilities by $6.814 billion. Tether stated that this audit is an important step in fulfilling its long-term commitment to financial transparency.

Tether issued an additional 1 billion USDT on the TRON network 7 hours ago.

According to Whale Alert monitoring, Binance transferred 500 million USDT to Tether Treasury.

According to Whale Alert monitoring, Tether Treasury has destroyed 1.75 billion USDT on the Ethereum chain, worth approximately 1.75 billion USD.

Christopher Smith, founder of the blockchain startup Quantus, stated that the first quantum attack may manifest as a series of unexplained thefts of cryptocurrency wallets, rather than directly stealing the approximately $63 billion worth of dormant Bitcoin expected from Satoshi Nakamoto. He pointed out that sufficiently powerful quantum computers could derive private keys from public keys exposed on the blockchain, allowing attackers to transfer funds without needing to breach wallets, devices, or internal systems of exchanges.In theft incidents at highly secure institutions, the only forensic evidence may be the absence of intrusion traces. Smith indicated that the initial targets of quantum attacks could be military systems and national secrets; in the blockchain space, the minting keys of stablecoin issuer Tether may be of greater value. Attackers could mint tokens out of thin air through managed wallets and sell them off before the issuer responds. Google has accelerated its post-quantum migration timeline to 2029; Smith believes the probability of quantum computers breaking modern cryptography around 2028 is "50-50." Relevant blockchains have begun migrating to post-quantum signatures.

According to Cointelegraph, Tether added 14 tons of gold in Q2 2026, bringing its total holdings to a record 146 tons, valued at approximately $18.8 billion, making it the largest known private holder of gold outside of central banks and governments.

Tether officially announced that its asset tokenization platform Hadron by Tether has reached a strategic cooperation with the Saudi fintech company First Advanced Data for Artificial Intelligence (First Data) and BKN301. The cooperation will use Hadron as the core technology platform to promote the tokenization of institutional-level real estate assets in Saudi Arabia.According to the cooperation agreement, First Data will act as the issuer of tokenized real estate assets and will also undertake primary market operations; Hadron will provide asset issuance, management, and full lifecycle infrastructure; BKN301 will be responsible for banking system integration, payment, compliance, and operational integration.Tether stated that this project aligns with Saudi Arabia's "Vision 2030," and future business is expected to expand into other real-world asset (RWA) areas such as energy and infrastructure.

FlashRescue co-founder @DarcyAri posted on the X platform that recently, during a joint investigation with partners on a case, Tether experienced a transfer of funds from one address during the execution of a proposal to freeze addresses, resulting in a decrease in the frozen amount. Further review by FlashRescue revealed that this is not an isolated incident. As of August 3, 2026, through an analysis of 2,955 Tether freeze events on the Ethereum and Tron networks, it was found that among addresses involved in risks such as entity sanctions, fraudulent activities, money laundering, FATF blacklist jurisdictions, and malicious attacks: 60 addresses cleared their assets and completed front-running transfers before the formal execution of the freeze, with a total net outflow of 20,429,847 USDT, starting transfers an average of 13 minutes and 59 seconds after the freeze proposal was submitted, and completing the main fund transfers within 15 minutes and 15 seconds; additionally, 113 addresses transferred some assets before the freeze was executed, involving approximately 35,524,300 USDT.The average time from the submission of the freeze proposal to the formal execution of the freeze by Tether is 2 hours, 16 minutes, and 15 seconds, indicating a long time window between the public announcement of the freeze proposal and its actual execution. On July 3, a cluster of addresses transferred funds continuously within minutes and then split the transfers to the same address. The above cases suggest that some high-risk addresses may be actively monitoring Tether freeze proposals and utilizing the time difference between the public announcement of the proposal and the actual effectiveness of the freeze to implement front-running transfers. This mechanism leads to the failure of freezing the involved funds and undermines the actual effectiveness of sanctions, anti-money laundering, and law enforcement cooperation measures.

Tether Gold (XAU₮) investor holdings grew by 9.5% in the second quarter. As of June 30, 2026, 23:59 UTC, a total of 612,823.66 XAU₮ have been sold, an increase of 53,225.02 from the end of the first quarter, corresponding to an additional 1.66 tons of ownership in the physical gold reserves.At the end of the second quarter, the physical gold reserves for XAU₮ amounted to 707,747.139 troy ounces, approximately 22.01 tons, with a total market value of about $2.837 billion. Each XAU₮ is backed by at least one troy ounce of physical gold at a 1:1 ratio, with reserves including 1,759 London Good Delivery gold bars and small-sized gold bars, all stored in Switzerland.Tether CEO Paolo Ardoino stated that gold experienced the largest quarterly correction in 13 years in the second quarter, yet investors continued to increase their holdings of XAU₮. Tether International SA de CV purchased approximately 27.1 tons of gold in the first half of 2026, averaging 4.5 tons per month.

Tether released its Q2 2026 financial report, as of June 30, with a USDT issuance of approximately $184.6 billion, an increase of about $446 million from the end of the first quarter, and the stablecoin market share rose to over 60%. The report was compiled by the independent accounting firm BDO.Tether's net operating profit for the second quarter was approximately $1.5 billion, primarily from U.S. Treasury bonds and repurchase agreements. At the end of the quarter, the company's total assets were approximately $187.751 billion, and total liabilities were about $183.642 billion, of which liabilities related to issued digital tokens were approximately $183.622 billion, with assets exceeding liabilities by about $4.11 billion.During the quarter, the company reduced its secured loan exposure by approximately $2.38 billion, a decrease of 15%; at the same time, it increased its physical gold holdings by 14 tons, bringing the total gold holdings to over 146 tons. Tether stated that it remains one of the largest buyers and holders of U.S. Treasury bonds globally, with the number of global users increasing by over 30 million this quarter.Tether CEO Paolo Ardoino stated that despite significant volatility in the gold and Bitcoin markets, USDT continues to have full reserve backing. The company also continued to advance the audit process with the Big Four accounting firms during the same period.

According to The Block, Tether's compliant stablecoin USA₮ (USAT) has officially launched on the Celo mainnet, marking its second mainnet deployment after Ethereum. The token is issued by Anchorage Digital Bank and can be natively minted and redeemed on Celo, and can be directly used for on-chain gas payments through Celo's fee abstraction mechanism.USAT launched in January this year, with a current market capitalization of approximately $185 million.

According to Cointelegraph, Tether's gold-backed token XAUt has received Shariah certification from Amanah Advisors, confirming that its structure complies with Islamic financial principles— including full backing by physical gold, no interest and leverage, and transparent reserves. Each XAUt represents one ounce of physical gold stored in Swiss vaults.This certification provides Tether with a clearer path to promote XAUt to Islamic financial institutions and investors, and is expected to drive adoption in the Gulf Cooperation Council, South Asia, and parts of Africa. XAUt is one of the largest tokenized gold products in the crypto market, with on-chain asset value increasing from approximately $700 million in July 2025 to about $2.5 billion.

According to official news, Tether announced that its gold-backed digital asset XAUT has received Sharia compliance certification issued by Amanah Advisors, led by Mufti Faraz Adam. This certification confirms that XAUT complies with the core principles of Islamic finance.XAUT is issued by TG Commodities, S.A. de C.V., with each full token representing direct ownership of physical gold stored in a Swiss vault. Certification requirements include genuine ownership of physical gold, clear and verifiable asset backing, no interest, no leverage or speculative derivatives, and transparency in reserve structure.Tether stated that XAUT can be used for the integration of digital gold products in Islamic banking, takaful and halal savings products, long-term wealth preservation strategies, tokenized trade financing, and collateral applications. Amanah Advisors will continue to work with Tether to develop practical guidelines and governance frameworks to support the adoption of XAUT in a Sharia-compliant manner.

According to Bloomberg, the merger plans of Tether's Twenty One Capital, Strike, and Elektron Energy have been terminated. Jack Mallers, the CEO of Twenty One Capital and Strike, has stepped down from the position of CEO of Twenty One Capital, and Elektron CEO Raphael Zagury has taken over.

According to official news, Tether Gold (XAU₮) has been recognized as a "qualified spot commodity" by the Abu Dhabi Global Market (ADGM).After approval, ADGM institutions holding the relevant licenses can provide XAU₮ related services to clients, provided they meet regulatory requirements.

On the first anniversary of the signing of the GENIUS Act, the prospects of Tether USDT in the U.S. market face uncertainty. The act has a three-year compliance grace period, with about two years remaining, after which non-compliant stablecoins will not be able to trade on U.S. crypto platforms.According to Tether's latest disclosure, about 25% of USDT reserves are still allocated to assets such as precious metals, loans, and Bitcoin, which do not meet the requirements of the GENIUS Act. The act requires issuers to fully back their stablecoins with high liquidity assets such as cash and U.S. Treasury bonds. Tether CEO Ardoino promised compliance last year, and the company has launched the USAT stablecoin for the U.S. market through Anchorage Digital this year, but usage remains low.There is a divergence in the legal community regarding the compliance timeline for foreign issuers. Some lawyers believe that foreign issuers must immediately comply with freezing and seizure orders when the act takes effect (expected next January), but they have about two years to meet the remaining requirements. The policy director of Anchorage Digital stated that institutional users will transition to compliant stablecoins before the 2028 deadline. Currently, federal regulators have not finalized the implementation details of the GENIUS Act, and companies have no specific regulations to follow. Tether has not responded to CoinDesk's request for comments on compliance progress.

Tether CEO Paolo Ardoino posted on the X platform that Tether's wallet development toolkit has launched a web playground feature, allowing users to test the basic functions of the wallet in their browser.

The U.S. Treasury Department has added four Iranian central bank-related cryptocurrency wallets to the sanctions list, and Tether has frozen $131 million USDT accordingly.This brings the total amount frozen to approximately $475 million.