Markets

Tether Reports $1.5 Billion Profit in Q3 With Reserve Buffer Reaching $8 Billion

October 31, 2026, 7:40 PM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

Tether, the company behind the USDT stablecoin, reported $1.5 billion in profit for the third quarter. The company's reserve buffer, which represents assets held above what is needed to back USDT tokens in circulation, nearly doubled to approximately $8 billion.

WHY IT MATTERS

Think of a stablecoin like a digital dollar — each token is supposed to be worth exactly $1 because the company behind it claims to hold $1 in real-world assets for every token issued.

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SOURCES

cryptopotato.com

USDTStablecoinsTetherReservesFinancial Reporting

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