Tether Excess Reserves Jump to $8B as Q3 Profit Reaches $1.5B

Tether says it generated $1.5 billion in third-quarter net operating profit, with its reserve buffer widening substantially as excess reserves nearly doubled to $7.95 billion, according to an attestation prepared by independent accounting firm BDO. The update arrives with figures released alongside Tether’s latest quarterly attestation and highlights how the company’s earnings and balance sheet remain closely tied to traditional markets. At the end of September, Tether reported $191.5 billion in assets against $183.5 billion in liabilities, implying a surplus of $7.95 billion.

Source: Crypto Breaking News