
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.

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.