Tether Reports $1.5B Q3 Profit as Total Reserves Reach $191.5B

Stablecoin issuer Tether generated $1.5 billion in net operating profit during the third quarter of 2026, bringing its year-to-date total to $4.5 billion, while reserves backing its tokens reached $191.5 billion, according to its latest financial attestation. The company released its third-quarter figures Friday, October 30, showing that total reserve assets stood at $191.45 billion as of September 30, against liabilities of $183.50 billion. The difference left Tether with $7.95 billion in excess reserves, nearly double the $4.1 billion reported at the end of the second quarter. Tether’s $1.5 billion quarterly net operating profit matched its second-quarter performance, with income primarily generated from its substantial holdings of U.S. Treasury bills and reverse repurchase agreements.

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