Particle.news
Download on the App Store
10 ARTICLES
·
5h ago

Tether Q3 Attestation Reports $10B+ YTD Profit, $6.8B Excess Reserves, Record U.S. Treasury Holdings

The BDO‑signed filing highlights heavy exposure to U.S. Treasuries with a stated surplus buffer that Tether says supports expansion into buybacks, fundraising and new licensing.

Tether becomes 17th largest U.S. debt holder
Image
Image
Tether registers $10b in profit ytd, record $135b exposure to us treasuries

Overview

  • Tether reported $181.22 billion in assets against $174.45 billion in liabilities as of Sept. 30, leaving about $6.8 billion in excess reserves, per its Q3 attestation signed by BDO Italy.
  • Exposure to U.S. Treasuries rose to roughly $135 billion, which the company says would rank it around the 17th‑largest holder of U.S. government debt.
  • USDT circulating supply increased by more than $17 billion in Q3 to above $174 billion, and the company says supply later surpassed $183 billion in October.
  • Reserves disclosed $12.9 billion in gold and $9.9 billion in bitcoin, while proprietary investments are excluded from the assets backing USDT and overall proprietary equity is described as nearing $30 billion.
  • The company launched a share buyback, confirmed settling Celsius‑related litigation using proprietary capital, applied for an investment fund license in El Salvador, and is preparing a U.S.‑focused USAT stablecoin with Anchorage Digital, with Bloomberg reporting a potential raise of up to $20 billion.