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Tether posts $1.5 billion Q3 operating profit and $7.95 billion reserve buffer

Tether posts $1.5 billion Q3 operating profit and $7.95 billion reserve buffer
AI summary

Tether reported $1.5 billion in Q3 operating profit and a $7.95 billion reserve buffer, with earnings driven by Treasury bills and reverse repos. BDO's attestation covered the September-end snapshot rather than activity across the quarter. A larger buffer strengthens confidence in USDT's peg and Tether's role as a major crypto market liquidity provider.

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