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Tether Moves About $1 Billion Into Bitcoin at Q3 Close as USDT Supply Nears $175 Billion

The end-of-quarter transfer underscores a pivot toward hard-asset reserves to support the company’s expanding footprint.

Tether
Tether adds $1b in bitcoin to reserves as usdt supply nears $175b, blockchain data shows
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Overview

  • On-chain data from Arkham shows a Tether-tagged address received about 8,889 BTC from a Bitfinex-linked wallet on Sept. 30, lifting on-chain holdings to more than 86,000 BTC valued near $9.7 billion.
  • Tether has repeatedly added bitcoin at quarter end, with similar transactions in March, December and last September, and an updated attestation due late October is expected to clarify reported versus on-chain totals.
  • USDT’s circulating supply has climbed to roughly $175 billion after a 10% quarterly increase, maintaining the token’s lead in the stablecoin market.
  • The firm continues to diversify reserves into hard assets including bitcoin and gold, alongside strategic allocations such as seeding more than $1.4 billion in BTC to Twenty One Capital earlier this year.
  • Tether is reportedly exploring a $15–$20 billion equity raise for about a 3% stake at a near $500 billion valuation and is developing a U.S.-compliant stablecoin called USAT for the domestic market.