Tether just reported a much bigger safety cushion.
Tether is the company behind USDT. USDT is a stablecoin, a type of crypto meant to stay close to $1, so people use it to move value without the usual crypto price swings.
In its third-quarter report, released on 30 October, Tether said its excess reserves reached $7.95 billion on 30 September. That is the extra amount left after counting what it owes. It was $4.1 billion at the end of June.
The company also reported $1.5 billion in net operating profit for the quarter, the same as the quarter before. Across the first nine months of 2026, that profit totalled $4.5 billion.
In total, Tether held $191.5 billion in reserves against $183.5 billion in liabilities, which is what it owes. USDT in circulation held broadly steady at about $184 billion.
What is still unknown is what the figures look like now. This report is a snapshot from 30 September, checked in an attestation by accounting firm BDO. It is not a live November update.
Source: Tether Q3 2026 BDO attestation, 30 October 2026.
Does a bigger reserve cushion make you trust a stablecoin more, or do you look at something else first?
Tether is the company behind USDT. USDT is a stablecoin, a type of crypto meant to stay close to $1, so people use it to move value without the usual crypto price swings.
In its third-quarter report, released on 30 October, Tether said its excess reserves reached $7.95 billion on 30 September. That is the extra amount left after counting what it owes. It was $4.1 billion at the end of June.
The company also reported $1.5 billion in net operating profit for the quarter, the same as the quarter before. Across the first nine months of 2026, that profit totalled $4.5 billion.
In total, Tether held $191.5 billion in reserves against $183.5 billion in liabilities, which is what it owes. USDT in circulation held broadly steady at about $184 billion.
What is still unknown is what the figures look like now. This report is a snapshot from 30 September, checked in an attestation by accounting firm BDO. It is not a live November update.
Source: Tether Q3 2026 BDO attestation, 30 October 2026.
Does a bigger reserve cushion make you trust a stablecoin more, or do you look at something else first?
