Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B

Tether published its third-quarter 2026 attestation on Friday, showing continued profitability despite a volatile year for the broader crypto market. The company said USDT issuance remained broadly stable at around $184 billion through the first nine months of the year, while income from US Treasuries and other short-duration instruments continued to drive earnings. Excess Reserve Near $8B According to the attestation prepared by BDO and shared with CryptoPotato, Tether generated $1.5 billion in net operating profit in the past quarter, matching Q2 and bringing its total for the first nine months of the year to $4.5 billion. The most significant change came from the firm’s reserve buffer, which rose from $4.1 billion at the end of the previous quarter to almost $8 billion as of September 30, showing an increase…

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