Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

Key Takeaways

• Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B.
• The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.
• The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September.