
Tether Books $1.5B in Q3 Profit and Doubles Its Reserve Buffer
The cushion over what USDT owes holders nearly doubled to $7.95 billion in three months while issuance stayed flat near $184 billion.
Altcoins, ETH & general crypto

The cushion over what USDT owes holders nearly doubled to $7.95 billion in three months while issuance stayed flat near $184 billion.
Three parties agreed to study a tenge-pegged token and a tokenization pilot in Alatau City. Nothing is authorized and no timeline was given.

A cross-border payments firm says Brazilian police never asked for its wallet to be frozen. Tether had not responded to the complaint as of 7 October.

Utexo, which raised $7.5 million in a round led by Tether, will issue USDT on Bitcoin's base layer in October. Tether cannot freeze a UTXO, so a blacklist does the work.

Tether and Fasanara Capital have put $400 million into StableFund, an evergreen private credit vehicle that aims to raise up to $3 billion more.

The complaint says ten Ethereum addresses were blacklisted on an informal law-enforcement request, 112 days before a seizure warrant was issued.

KPMG US issued an unqualified opinion on Tether's 2025 accounts, showing a $6.8 billion reserve surplus. The full audited statements were not made public.

Tether's GENIUS Act-compliant dollar token USAT expanded beyond Ethereum for the first time, launching natively on Celo where it can also pay its own gas fees.

Amanah Advisors certified Tether's gold-backed XAU₮ as Shariah compliant, opening it to Islamic banks. Two sources give different figures for the token's size.

The GENIUS Act turns one this week, leaving Tether until July 2028 to move a reserve that CoinDesk puts at roughly a quarter non-compliant into cash and Treasuries.

🔵JAN3 CEO Samson Mow argues that the current price retracement does not alter Bitcoin’s long-term trajectory. According to him, major companies including Tether and Strategy continue accumulating BTC…

🟩Tether, issuer of the world’s largest stablecoin (USDT), is expanding into the U.S. market with a new product: the USAT dollar token. The coin will be issued through…