WiremarketsPublisher preview
Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B
The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
Why it matters
A single-asset headline is not a market-wide fact. Check the tape, dominance, and whether the move is cash, derivatives, or a story premium.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.