Tether’s Excess Reserves Halve as Disclosure Standards Shift
If you want to see how a company manages a $184.6 billion liability, watch the buffer, not the profit. Tether’s latest BDO Italia attestation for Q2 2026 reveals that its stablecoin excess reserves have been sliced in half, dropping from $8.23 billion in Q1 to $4.11 billion by June 30. It is a curious arithmetic:…