Update
Tether Doubles Reserve Buffer to $8 Billion
Tether International, S.A. de C.V., reported a $1.5 billion net operating profit in the third quarter of 2026, consistent with the previous quarter. The reserve buffer nearly doubled to $7.95 billion from $4.1 billion at the end of the second quarter, increasing by $3.8 billion. Total reserve assets stood at $191.5 billion, with the majority held in liquid, short-duration instruments to support redemptions. The company's CEO, Paolo Ardoino, emphasized the importance of maintaining a strong reserve to support infrastructure during challenging geopolitical conditions.