Overview
- Reserves stood at about $181.22 billion against $174.45 billion in liabilities as of Sept. 30, leaving roughly $6.8 billion in excess.
- Treasury exposure reached approximately $135 billion, a level the company says would rank it near the 17th-largest holder of U.S. government debt.
- USDT supply rose by about $17 billion in Q3 to exceed $174 billion, with the company later reporting circulation above $183 billion in October.
- Tether’s disclosed reserves included around $12.9 billion in gold and $9.9 billion in bitcoin, while proprietary investments are kept separate from backing assets.
- The company launched a share buyback with prospective institutional participation, outlined a U.S.-focused USAT stablecoin with Anchorage Digital, applied for an Investment Fund License in El Salvador, and said its October Celsius settlement used proprietary capital.