Tether’s excess reserves fall by more than $4 billion amid weaker Q2 financial results

Tether's excess reserves have fallen by more than $4 billion, a significant decline from previous levels, following weaker Q2 financial results. The company swung from a $4.9 billion net profit in Q2 2025 to a $1.5 billion net operating loss in the second quarter of this year, raising concerns about its financial stability.