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AI summary of a third-party reportBullishNewsDesk

Tether reports $1.5bn quarterly profit as excess reserves near $8bn

The stablecoin issuer said third-quarter operating profit reached $1.5bn and its reserve surplus rose to $7.95bn at the end of September, according to an attestation by BDO.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Tether reports $1.5bn quarterly profit as excess reserves near $8bn
Image: Cointelegraph
Original reporting: Nate Kostar, Cointelegraph

Key points

  • Tether held $192bn in assets against $184bn in liabilities at the end of September, a $7.95bn surplus.
  • Direct and indirect US Treasury bill holdings stood at $132bn, close to South Korea's $134bn.
  • Bitcoin reserves were valued at $8.37bn, up from about $5.8bn at the end of June.

Tether reported $1.5bn in third-quarter operating profit and a reserve surplus of $7.95bn at the end of September, according to figures released with its latest attestation from the accounting firm BDO. Cointelegraph reports that the excess reserves nearly doubled from the $4.1bn recorded in June.

Tether's net operating profit for the first nine months of 2026 reached $4.5bn, with income driven mainly by Treasury bills and reverse repurchase agreements.

USDT remains the largest stablecoin, with about 60% of a $297bn market according to DefiLlama.

Read the full story on Cointelegraph

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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