Crypto & Finance · VIDEO
Tether: Reserves Double to $8B with Q3 Profit of $1.5B
Tether recorded an operating profit of $1.5 billion in the third quarter of 2026, with excess reserves nearly doubling to $7.95 billion. Its holdings in U.S. Treasury bills exceed $132.4 billion, equivalent to those of large foreign holders. USDT maintains a 60% market share in stablecoins, with over 700 million users.
KEY TAKEAWAYS
- Tether reported $1.5 billion in operating profit for Q3 2026, with excess reserves rising to $7.95 billion.
- Holdings in U.S. Treasury bills amount to $132.4 billion, comparable to South Korea and UAE.
- Bitcoin reserves are valued at $8.37 billion, up from $5.8 billion at the end of June.
- USDT controls 60% of the stablecoin market, with over 700 million users, primarily in emerging markets.
Transcript
Tether, the company behind the USDT stablecoin, has reported a significant increase in its financial reserves and operating profit. In the third quarter of 2023, Tether recorded an operating profit of $1.5 billion, while its excess reserves nearly doubled, reaching $7.95 billion. This data comes from an attestation report prepared by BDO, an independent auditing firm.
As of September 30, 2023, Tether's total assets amounted to $191.5 billion, with $132.4 billion invested in US Treasury securities. The company's Bitcoin reserves are now valued at $8.37 billion, up from $5.8 billion at the end of June. USDT remains the largest stablecoin, representing about 60% of the stablecoin market, with over 700 million users.
Tether's exposure to US Treasury securities is comparable to that of South Korea and exceeds that of the United Arab Emirates. The company has faced scrutiny over the transparency of its reserves, but recently completed its first full independent financial audit conducted by KPMG US.
The growth of Tether's reserves raises important questions about financial security and crypto AML compliance. As the implementation of the MiCA regulation approaches, transparency and compliance with European regulations will be crucial. The widespread adoption of USDT in emerging markets underscores the importance of stablecoins for international financial transactions, but also requires greater attention to transaction security.
Tether's financial strength and market position highlight the evolving role of stablecoins in international payments and the need for robust crypto asset management and institutional crypto custody.
