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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.
Dextape brief
Tether has released its third-quarter 2026 attestation, which shows the company stayed profitable despite a turbulent year for crypto. BDO compiled it and shared it with CryptoPotato. Tether reported $1.5 billion in profit for the quarter, level with the second quarter, bringing the nine-month figure to $4.5 billion. Its excess reserve buffer climbed from $4.1 billion to nearly $8 billion by September 30. Total reserve assets reached $191.5 billion against $183.5 billion in liabilities, with $132.4 billion held in US Treasury bills. USDT issuance stayed near $184 billion across the period. CEO Paolo Ardoino said the larger cushion is intended to keep the token dependable during market and financial strain. The firm also agreed with Kazakhstan's central bank to study a tenge-linked stablecoin.
Why it matters: It shows a stablecoin issuer still earning Treasury income while its reserve cushion widens, which bears on how USDT holds up under stress.
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Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.
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