Tether Reports $1.5B in Q3 Operating Profit as Excess Reserves Nearly Double to $7.95B Tether released its Q3 2026 reserve attestation prepared by BDO, reporting $1.5 billion in net operating profit for the quarter, roughly flat quarter-over-quarter, and $4.5 billion for the…
rst nine months, primarily driven by U.S. Treasury bills and reverse repos
As of September 30, USDT issuance stood at approximately $184 billion, with total reserve assets of $191.5 billion and liabilities of $183.5 billion. Excess reserves nearly doubled from $4.1 billion at the end of Q2 to $7.95 billion, while direct and indirect U.S. Treasury bill holdings totaled $132.4 billion. — link