Tether News: $1.5B Q3 Profit as Reserves Climb to $191 Billion

Key Insights Tether news: The USDT issuer reported $1.5 billion in third-quarter net operating profit. Excess reserves nearly doubled to $7.95 billion, although cash-equivalent holdings declined during the quarter. Tether held $132.4 billion in Treasury exposure, alongside $19.08 billion in gold and $8.37 billion in Bitcoin. Tether news highlighted rising reserves after the stablecoin issuer reported $1.5 billion in third-quarter operating profit. The company disclosed $191.45 billion in assets against $183.50 billion in liabilities. Its Oct. 30 announcement showed excess reserves reaching $7.95 billion as of Sept. 30. However, rising investment valuations contributed to the improvement.