Reserve

Billion

<ul>
 <li>Tether generated $1.5 billion in Q3 net operating profit, bringing its nine-month earnings to $4.5 billion.</li>
 <li>Excess reserves climbed from $4.1 billion in June to $7.95 billion in September, with total assets reaching $191.5 billion against $183.5 billion in liabilities.</li>
 <li>Tether held $132.4 billion in direct and indirect U.S. Treasury bills, while USDT issuance remained broadly steady at approximately $184 billion.</li>
</ul>
<p>Tether <a href="https://tether.io/news/tether-generates-1-5-billion-in-q3-net-operating-profit-as-reserve-buffer-doubles-to-almost-8-billion/" rel="noopener noreferrer nofollow">reported</a> $1.5 billion in net operating profit for Q3 2026, while its excess reserves nearly doubled to $7.95 billion. The company’s September 30 attestation, prepared by BDO, showed $191.5 billion in total assets against $183.5 billion in liabilities. Treasury bills and reverse repurchase agreements remained its main income sources.</p>
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<h2 class="wp-block-heading" id="strong-tether-reports-4-5-billion-in-nine-month-profit-strong"><strong>Tether Reports $4.5 Billion in Nine-Month Profit</strong></h2>
<p>Tether International, S.A. de C.V., published its third-quarter reserve attestation covering the period ending September 30, 2026. The report recorded $1.5 billion in quarterly operating profit, roughly matching the previous quarter.</p>
<p>Meanwhile, net operating profit reached $4.5 billion during the first nine months of 2026. <a href="https://cryptofrontnews.com/tether-ceo-paolo-ardoino-says-stablecoins-could-spread-u-s-treasury-ownership/" rel="noopener noreferrer nofollow">Tether</a> attributed most of its earnings to U.S. Treasury bills and reverse repurchase agreements.</p>
<p>USDT issuance remained broadly steady at approximately $184 billion throughout the first three quarters. This figure stood alongside $191.5 billion in total reserve assets at quarter-end.</p>
<h2 class="wp-block-heading" id="strong-excess-reserves-climb-from-4-1-billion-strong"><strong>Excess Reserves Climb From $4.1 Billion</strong></h2>
<p>The reserve buffer increased by approximately $3.8 billion during Q3. It reached $7.95 billion, compared with $4.1 billion at the end of June.</p>
<p>Tether’s direct and indirect <a href="https://cryptofrontnews.com/u-s-treasury-drops-crypto-wallet-reporting-rule-after-review/" rel="noopener noreferrer nofollow">U.S. Treasury bill holdings</a> totaled $132.4 billion. The company also reported total liabilities of approximately $183.5 billion. Of that amount, $183.47 billion related to issued digital tokens.</p>
<p>The attestation listed total assets of $191.45 billion and liabilities of $183.496 billion. Consequently, assets exceeded liabilities by approximately $7.95 billion.</p>
<h2 class="wp-block-heading" id="strong-paolo-ardoino-addresses-tether-s-reserve-position-strong"><strong>Paolo Ardoino Addresses Tether’s Reserve Position</strong></h2>
<p>Tether CEO Paolo Ardoino said the company generated $1.5 billion in quarterly profit while maintaining nearly $8 billion in excess reserves. <a href="https://cryptofrontnews.com/tether-ceo-paolo-ardoino-says-stablecoins-could-spread-u-s-treasury-ownership/" rel="noopener noreferrer nofollow">Ardoino</a> said Tether aims to maintain liquidity for redemptions during difficult market conditions.&nbsp;</p>
<p>He also pointed to the company’s financial position amid ongoing geopolitical uncertainty. The report was prepared by BDO, which Tether identified as a top-five global independent accounting firm. It covered the composition of reserves backing USDT as of September 30.</p>

Tether Profit Holds at $1.5B in Q3 as Reserves Reach $7.95B

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