Tether Q3 Profits Top $10B as USDT Supply and Reserves Soar
Tether’s Q3 attestation reports net profits exceeding $10 billion year-to-date, with projections of $15 billion by year-end. USDT issuance surged by $17 billion in Q3, lifting circulation above $183 billion and cementing USDT as the leading stablecoin. Tether’s reserves now total $181.2 billion, including $135 billion in US Treasuries, $12.9 billion in gold and $9.9 billion in BTC, offering a $6.8 billion buffer over $174.4 billion in liabilities. In October, Tether settled $299.5 million of Celsius litigation without using token reserves and aims to raise over $20 billion for global expansion. Meanwhile, the T3 Financial Crime Unit – a partnership of Tether, TRON and TRM Labs – froze more than $300 million in illicit assets worldwide, with $83 million seized in the US across fraud, hacks and DPRK-linked activity. Traders can view these results and compliance efforts as a bullish signal for USDT liquidity and market confidence.
Bullish
Tether’s robust Q3 attestation—with over $10 billion in profits, record $17 billion USDT issuance, and $181.2 billion in diversified reserves—reinforces confidence in USDT liquidity and stability. The $6.8 billion surplus above liabilities, successful Celsius litigation settlement without tapping reserves, and plans for a $20 billion expansion fund underscore long-term financial health. Meanwhile, the T3 Financial Crime Unit’s freezing of $300 million in illicit assets demonstrates proactive compliance, further reducing regulatory risk. Combined, these factors are likely to bolster short-term trading momentum and underpin long-term market trust in USDT, making the news a bullish catalyst.