Crypto Scenario Insights
What happened
Tether reported a significant drop in excess reserves, falling by over $4 billion in Q2 2026, contrasting with a prior period's profit.
What we think
Tether's Q2 2026 results show a $4 billion drop in excess reserves, a development that warrants attention for stablecoin stability.
Read the analysis
Tether's Reserve Drop: Market Impact Beyond Q2 Financials?
We explain what happened and what could follow. We do not forecast prices.