Just came across Tether’s Q3 attestation
Operating profit was about $1.5 billion
Around $4.5 billion for the first three quarters combined
Excess reserves jumped from $4.1 billion to nearly $8 billion
Almost doubled
USDT in circulation is still hovering around $184 billion
Treasury-related holdings are about $132.4 billion
The market’s been pretty noisy these past few days
Meanwhile, they’ve already built up their cushion on the books
I’ll just note the numbers for now—no rush to draw conclusions
Operating profit was about $1.5 billion
Around $4.5 billion for the first three quarters combined
Excess reserves jumped from $4.1 billion to nearly $8 billion
Almost doubled
USDT in circulation is still hovering around $184 billion
Treasury-related holdings are about $132.4 billion
The market’s been pretty noisy these past few days
Meanwhile, they’ve already built up their cushion on the books
I’ll just note the numbers for now—no rush to draw conclusions
