Markets

Tether Reports Q3 Profit of $1.5 Billion as Excess Reserves Reach $8 Billion

October 30, 2026, 7:01 PM UTC (2 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 says its excess reserves have nearly doubled to approximately $8 billion, indicating additional assets held beyond what is needed to back its stablecoin on a one-to-one basis.

WHY IT MATTERS

Tether issues USDT, a digital token that is supposed to always be worth one US dollar.

Read the full analysis with a CryptoBipto membership

Members read why every story matters and the full analysis behind it.

Join CryptoBipto Member sign-in

SOURCES

cointelegraph.com

USDTStablecoinsTetherCorporate EarningsReserves Transparency

Learn the concepts behind this

Clear explanations of the subjects this article touches, with every term defined.

What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.