Tether Posts $1.5B Q3 Profit as Reserve Buffer Nearly Doubles to $8B
Stablecoin issuer Tether reported a third-quarter profit of $1.5 billion. The company expanded its reserve buffer, nearly doubling the excess reserves to approximately $8 billion by the end of the period. Additionally, Tether finished September holding over $190 billion in total assets backing its flagship USDT stablecoin to support its ongoing market operations.
















