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

The stablecoin giant also ended September with more than $190 billion in assets backing its flagship asset. 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 of roughly $3.8 billion. The company’s total reserve assets stood at $191.5 billion, compared with liabilities of approximately $183.5 billion. Most of those assets remain concentrated in highly liquid instruments. $132.4 billion was in direct and indirect US Treasury ...