Tether Reports $1.5 Billion Net Operating Profit in Q3, Excess Reserves Increase to $8 Billion

Tether has released its financial data and reserve attestation report for the third quarter of 2026. As of September 30, Tether's total assets were approximately $191.5 billion, with total liabilities around $183.5 billion, resulting in assets exceeding liabilities by about $7.955 billion, nearly doubling from $4.1 billion at the end of the second quarter. In the first three quarters of 2026, Tether's cumulative net operating profit reached $4.5 billion, with $1.5 billion generated in the third quarter, remaining flat compared to the second quarter. The primary sources of income were U.S. Treasury bonds and reverse repurchase agreements. By the end of the third quarter, Tether held direct and indirect exposure to U.S. Treasury bonds amounting to $132.4 billion. During the same period, the issuance of USDT remained relatively stable at approximately $184 billion.