Tether printed its third-quarter 2026 attestation on Friday, exhibiting continued profitability regardless of a risky 12 months for the broader crypto market.
The corporate mentioned USDT issuance remained broadly steady at round $184 billion via the primary 9 months of the 12 months, whereas revenue from US Treasuries and different short-duration devices continued to drive earnings.
Extra Reserve Close to $8B
Based on the attestation ready by BDO and shared with CryptoPotato, Tether generated $1.5 billion in web working revenue prior to now quarter, matching Q2 and bringing its complete for the primary 9 months of the 12 months to $4.5 billion. Probably the most important change got here from the agency’s reserve buffer, which rose from $4.1 billion on the finish of the earlier quarter to nearly $8 billion as of September 30, exhibiting a rise of roughly $3.8 billion.
The corporate’s complete reserve belongings stood at $191.5 billion, in contrast with liabilities of roughly $183.5 billion. Most of these belongings stay concentrated in extremely liquid devices. $132.4 billion was in direct and oblique US Treasury payments, whereas Treasury payments and reserve repurchase agreements continued to account for almost all of Tether’s working revenue.
“Producing $1.5 billion in web working revenue whereas sustaining almost $8.0 billion in extra reserves offers us a robust basis for that work. We’re constructing Tether for the long run, with the liquidity to satisfy redemptions and the monetary power to help infrastructure individuals can depend on amidst the chaotic geopolitical surroundings we dwell in. The aim behind our reserve technique is to make sure we will proceed to serve individuals when situations turn out to be tougher,” commented CEO Paolo Ardoino.
He added that the rising buffer was designed to make sure USDT stays dependable during times of market and monetary stress.
USDT’s Stablecoin Reign
The figures above come as USDT continues to dominate the stablecoin market, though latest provide developments have proven indicators of cooling. As we reported earlier this month, USDT’s market cap fell by nearly $1 billion inside a five-day interval, with CryptoQuant analysts warning that Bitcoin’s rebound was going down with out the identical stablecoin-liquidity enlargement that supported earlier rallies.
That doesn’t essentially level to issues at Tether and its stablecoin, however it highlights how carefully stablecoin issuance stays tied to broader market liquidity.
In the meantime, Tether lately signed an settlement with Kazakhstan’s central financial institution to discover a tenge-backed stablecoin and potential tokenization initiatives, whereas additionally investing in funds infrastructure throughout Latin America.
The submit Tether Posts $1.5B Q3 Revenue as Reserve Buffer Almost Doubles to $8B appeared first on CryptoPotato.