Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B
Tether revealed its third-quarter 2026 attestation on Friday, displaying continued profitability regardless of a risky 12 months for the broader crypto market.
The firm stated USDT issuance remained broadly secure at round $184 billion by way of the primary 9 months of the 12 months, whereas earnings from US Treasuries and different short-duration devices continued to drive earnings.
Excess Reserve Near $8B
According to the attestation ready by BDO and shared with CryptoPotato, Tether generated $1.5 billion in web working revenue prior to now quarter, matching Q2 and bringing its whole for the primary 9 months of the 12 months to $4.5 billion. The most vital change got here from the agency’s reserve buffer, which rose from $4.1 billion on the finish of the earlier quarter to nearly $8 billion as of September 30, displaying a rise of roughly $3.8 billion.
The firm’s whole reserve belongings stood at $191.5 billion, in contrast with liabilities of roughly $183.5 billion. Most of these belongings stay concentrated in extremely liquid devices. $132.4 billion was in direct and oblique US Treasury payments, whereas Treasury payments and reserve repurchase agreements continued to account for almost all of Tether’s working earnings.
“Generating $1.5 billion in web working revenue whereas sustaining almost $8.0 billion in extra reserves provides us a powerful basis for that work. We are constructing Tether for the long run, with the liquidity to meet redemptions and the monetary power to assist infrastructure folks can depend on amidst the chaotic geopolitical setting we dwell in. The goal behind our reserve technique is to guarantee we will proceed to serve folks when situations turn into tougher,” commented CEO Paolo Ardoino.
He added that the rising buffer was designed to guarantee USDT stays dependable during times of market and monetary stress.
USDT’s Stablecoin Reign
The figures above come as USDT continues to dominate the stablecoin market, though current provide traits have proven indicators of cooling. As we reported earlier this month, USDT’s market cap fell by nearly $1 billion inside a five-day interval, with CryptoQuant analysts warning that Bitcoin’s rebound was going down with out the identical stablecoin-liquidity enlargement that supported earlier rallies.
That doesn’t essentially level to issues at Tether and its stablecoin, but it surely highlights how intently stablecoin issuance stays tied to broader market liquidity.
Meanwhile, Tether lately signed an settlement with Kazakhstan’s central financial institution to discover a tenge-backed stablecoin and potential tokenization initiatives, whereas additionally investing in funds infrastructure throughout Latin America.
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