Update
Tether Reports $1.5 Billion Q3 Profit with Reserves Nearly Doubling
Stablecoin issuer Tether reported a $1.5 billion profit for the third quarter of 2026, with excess reserves nearly doubling to approximately $7.95 billion. The company's reserves mix leans heavily toward short-term Treasury bills and reverse repurchase agreements, and CEO Paolo Ardoino emphasized liquidity and reserve strengthening as central to the company's approach. Tether's business model involves users handing over dollars for USDT, which is then parked in short-term government securities and repo operations.