Tether Generates $1.5 Billion in Q3 Net Operating Profit as Reserve Buffer Doubles to Almost $8 Billion
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AI summary of the source article
Tether reported a $1.5 billion net operating profit for the third quarter of 2026, bringing its nine-month profit to $4.5 billion. The company's reserve buffer increased to $7.95 billion, with total reserve assets reaching $191.5 billion.
Why it matters
According to Tether CEO Paolo Ardoino, "The purpose behind our reserve strategy is to ensure we can continue to serve people when conditions become more difficult."
Key facts
- Tether generated $1.5 billion in net operating profit in Q3 2026 and $4.5 billion across the first three quarters of 2026.
- The company's reserve buffer nearly doubled from $4.1 billion at the end of Q2 to $7.95 billion as of September 30, 2026.
- Total reserve assets reached $191.5 billion, including $132.4 billion in direct and indirect holdings of U.S. Treasury bills.
Source excerpt · Tether news
Tether International, S.A. de C.V., today published its attestation for the third quarter of 2026, prepared by BDO, a top-five global independent accounting firm. The report covers the Company’s Financial Figures and Reserves Report as of September 30, 2026, including the composition of the reserves backing USD₮. USD₮ issuance held broadly steady at $184 billion […]