Tether Posts $1.5 Billion Q3 Profit as Reserve Buffer Nearly Doubles to $7.95 Billion

Tether reported $1.5 billion in third quarter operating profit, according to figures released with its latest attestation from accounting firm BDO. At the end of September, the company held $191.5 billion in assets against $183.5 billion in liabilities, leaving a surplus of $7.95 billion. That is nearly double the $4.1 billion reported in June. Over the first nine months of 2026, net operating profit reached $4.5 billion, driven mostly by US Treasury bills and reverse repurchase agreements.

Tether US Treasury Holdings Rival Major Countries

Direct and indirect Treasury bill holdings stand at $132.4 billion. That is close to South Korea’s $134.2 billion in US government debt and higher than the United Arab Emirates’ $116.1 billion, based on August data from the US Treasury Department. Its bitcoin reserves were valued at $8.37 billion, up from about $5.8 billion at the end of June.

USDT remains the largest stablecoin, making up around 60% of the $297.3 billion market.