In brief

  • Tether’s $7.95 billion USDT excess buffer is now smaller than its $8.37 billion in Bitcoin holdings

  • Operating profit rose to $4.5 billion, but the verified buffer grew to only $1.66 billion.

  • A 29% drop in gold and Bitcoin combined would wipe out the entire buffer.

Read the original story: Tether made $4.5 billion in 2026, but its Bitcoin reserves are now larger than USDT’s backing reserves, by Lockridge Okoth on fi.beincrypto.com