COINTELEGRAPH · 2026-10-30 19:02 UTC

Tether's excess reserves nearly double to $8B as Q3 profit hits $1.5B

Tether reported $1.5B in Q3 operating profit with excess reserves nearly doubling to $7.95B as of end of September. The company holds $132.4B in US Treasury bills, comparable to South Korea's total US government debt holdings. USDT remains the largest stablecoin with 60% market share and 700M+ users, primarily in emerging markets.

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