🥁 Tether just dropped its Q3 financial report, and the profit engine is running on full blast.
The stablecoin issuer pulled in a net operating profit of $1.5 billion for the quarter, bringing its 2026 total to $4.5 billion.
The bulk of that cash flow comes straight from high-yielding U.S. Treasury bills.
Tether now holds over $132 billion in direct and indirect Treasuries proving once again that high interest rates are a goldmine for stablecoin issuers.
Beyond steady cash yield, Tether’s excess reserves nearly doubled this quarter to $7.95 billion, up from $4.1 billion in Q2.
Total reserves backing $USDT hit $191.5 billion, giving the token a massive safety cushion.
With billions in excess capital, physical gold, and Bitcoin backing the balance sheet, Tether's liquidity buffer is stronger than ever.
The cash printer definitely didn't slow down this quarter! 📈
