Tether Posts Approx. $1.5B Net Operating Profit for Q3, Excess Reserves Nearly Double

TechFlow, Oct. 31 — Tether CEO Paolo Ardoino posted on X at 01:12 Beijing time that Tether has released its Q3 2026 USDT attestation report.

The report showed that Tether's net operating profit for Q3 was approximately $1.5 billion. As of Sept. 30, total USDT supply was approximately 183.5 billion tokens.

In addition to backing all issued tokens with 100% liquid assets, Tether's excess reserves were approximately $7.95 billion, up about $3.8 billion from $4.1 billion at the end of Q2, nearly doubling.

Paolo Ardoino also said that USDT users have exceeded 700 million, setting a new all-time high.

Source: TechFlow