Tether reported about $1.5 billion in net operating profit for the third quarter of 2026, according to financial results prepared with the involvement of BDO. It said excess reserves rose from about $4.1 billion at the end of the second quarter to $7.95 billion as of September 30, 2026.
Tether’s reserve report listed $191.45 billion in assets and $183.50 billion in liabilities as of that date, including $183.47 billion in liabilities for issued tokens. The company said it holds most reserve assets in liquid, short-maturity instruments to retain the capacity to redeem tokens under different market conditions.
