Tether's Q3 net operating profit reaches approximately $1.5 billion, with excess reserves nearly doubling

On October 31, Tether CEO Paolo Ardoino posted on X at 01:12 Beijing Time stating that Tether has released its Q3 2026 USDT attestation report.

The report indicates that Tether's net operating profit for the quarter was approximately $1.5 billion. As of September 30, the total supply of USDT stood at approximately 183.5 billion.

In addition to fully backing all issued tokens with liquid assets, Tether's excess reserves amounted to approximately $7.95 billion, an increase of roughly $3.8 billion from the $4.1 billion recorded at the end of the second quarter, nearly doubling.

Ardoino also noted that the number of USDT users has surpassed 700 million, marking a new all-time high.