Tether’s Excess Reserves Reach About $7.95 Billion in Q3

Tether’s excess reserves rose to about $7.95 billion at the end of the third quarter, nearly double their June level, while token issuance remained near $184 billion. Tether released its 2026 third-quarter financial report Oct. 31. On Sept. 30, total reserve assets were about $191.5 billion, including $132.4 billion in direct and indirect U.S. Treasury bill holdings. Most reserves were held in liquid, short-term instruments. Excess reserves were about $4.1 billion at the end of June . Net operating profit was $1.5 billion for the quarter, roughly unchanged from Q2, and $4.5 billion for the first three quarters of 2026.