Update
Tether Reports $1.5 Billion Profit in Q3 2026
Tether International, S.A. de C.V. reported a profit of $1.5 billion in the third quarter of 2026. The company's free reserves increased to $7.95 billion, nearly doubling from the previous quarter. Tether's reserve buffer has grown to $7.95 billion, up from $4.1 billion at the end of the second quarter. The company's CEO, Paolo Ardoino, emphasized the importance of maintaining a strong reserve to support redemptions and infrastructure in challenging market conditions.