Tether Reports $1.5 Billion in Q3 Profit as Excess Reserves…
By Abdelaziz Fathi
AI summary of the source article
Tether reported a third-quarter net operating profit of $1.5 billion as its excess reserves reached $7.95 billion. The increase was heavily supported by rising valuations of Bitcoin and gold, while cash-like holdings declined.
Why it matters
The decline matters because short-duration government securities and repurchase agreements represent the most immediately liquid portion of Tether's reserve portfolio.
Key facts
- Tether held $191.45 billion in assets against $183.50 billion in liabilities as of September 30, 2026, creating a $7.95 billion reserve surplus.
- Net operating profit reached $1.5 billion in Q3 and $4.5 billion across the first nine months of 2026, driven primarily by Treasury bills and reverse repurchase agreements.
- Cash, cash equivalents, and short-term deposits dropped from $140.64 billion in June to $139.58 billion in September.
Source excerpt · FinanceFeeds
Tether reported $1.5 billion in third-quarter net operating profit as its excess reserves nearly doubled to $7.95 billion, although a closer examination of its latest attestation shows that rising cryptocurrency valuations contributed heavily to the improvement while its holdings of cash-like assets declined.The world's largest stablecoin issuer reported $191.45 billion in assets against $183.50 b…