Tether posted $1.5 billion in net operating profit for the third quarter of 2026, while its excess reserves climbed to $7.95 billion by September 30. The figures point to a stronger financial buffer for the company as it continues to support its USDT stablecoin.
The company’s latest attestation from accounting firm BDO put total assets at $191.5 billion. USDT issuance stood at about $184 billion during the first nine months of the year. Tether also held $132.4 billion in direct and indirect US Treasury bills, which remain a key source of income.
Tether Reports Strong Nine-Month Performance
Tether generated $4.5 billion in net operating profit during the first three quarters of 2026. CEO Paolo Ardoino said the company remains focused on maintaining confidence in USDT during periods of market stress.
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“Our responsibility is to make sure USD₮ remains dependable when people need it most, including when markets and financial systems come under pressure,” he said.
Tether Freezes USDT Amid Binance Incident
Tether froze USDT linked to suspicious transactions following Binance’s reported security incident on October 29. Circle also froze approximately $823 million in USDC, bringing the combined amount to roughly $1.8 billion.
Separately, Tether blacklisted 35 TRON addresses on October 28, immobilizing about $27 million in USDT. Tether has not disclosed why it targeted those addresses.
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