Tether Reports $191.5 Billion in Q3 Reserves and $1.5 Billion in Operating Profit

Tether International, S.A. de C.V. released an assurance report prepared by BDO covering the third quarter of 2026, with data as of September 30. According to Odaily, Tether’s reserves totaled $191.5 billion at quarter-end, including $132.4 billion in direct and indirect U.S. Treasury holdings. USD₮ issuance remained around $184 billion through the first three quarters, while cumulative net operating profit reached $4.5 billion. Third-quarter net operating profit was $1.5 billion, unchanged from the second quarter; U.S. Treasury securities and reverse repurchase agreements generated most of the revenue. As of September 30, Tether reported total assets of $191.451 billion and total liabilities of $183.496 billion, leaving assets $7.955 billion above liabilities. Excess reserves increased to about $7.95 billion from $4.1 billion at the end of the second quarter.