Tether announced $1.5 billion in operating profit for the third quarter as its surplus reserves nearly climbed to $7.95 billion, as shown by data published alongside its newest attestation completed by independent accounting firm BDO.
The business maintained $191.5 billion in total assets compared to $183.5 billion in obligations as of late September, generating a financial buffer of $7.95 billion, which is almost twice the $4.1 billion noted back in June. Those assets featured $132.4 billion in both direct and indirect United States Treasury bill investments.
That particular exposure matches South Korea’s $134.2 billion holdings of American sovereign debt and surpasses the United Arab Emirates’ $116.1 billion figure, based on August data from the US Treasury Department.
Tether additionally accumulated $4.5 billion in net operating earnings during the opening nine months of 2026, with revenue primarily propelled by US Treasury notes and reverse repo agreements, as stated by the firm. Its Bitcoin holdings were assessed at $8.37 billion, rising from roughly $5.8 billion at the conclusion of June.
Tether’s USDT continues to be the dominant stablecoin globally, representing roughly 60% of the $297.3 billion stablecoin economy, according to DefiLlama data. On Friday, Tether chief executive officer Paolo Ardoino mentioned in a post on X that USDT’s customer community had exceeded 700 million individuals, with usage heavily rooted in developing regions.
The digital currency provider has dealt with long periods of investigation concerning the clarity of its asset backing. During August, the organization shared the finalization of its initial comprehensive independent financial account audit performed by KPMG US, though the reviewed paperwork was kept private.
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Originally published at https://cointelegraph.com/news/tethers-excess-reserves-nearly-double-to-8b-as-q3-profit-hits-15b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
