# Tether’s Excess Reserves Reach About $7.95 Billion in Q3 By John Kim Canonical URL: https://www.tokenpost.com/news/business/45005 Published: 2026-10-30T18:34:25.000Z Updated: 2026-10-30T18:34:25.000Z Section: Business > Third-quarter net operating profit was $1.5 billion, while token issuance held near $184 billion through September. Tether’s excess reserves rose to about $7.95 billion at the end of the third quarter, nearly double their June level, while token issuance remained near $184 billion. Tether released its 2026 third-quarter financial report Oct. 31. On Sept. 30, total reserve assets were about $191.5 billion, including $132.4 billion in direct and indirect U.S. Treasury bill holdings. Most reserves were held in liquid, short-term instruments. Excess reserves were [about $4.1 billion at the end of June](). Net operating profit was $1.5 billion for the quarter, roughly unchanged from Q2, and $4.5 billion for the first three quarters of 2026. U.S. Treasury bills and reverse repurchase agreements remained the company’s main income sources. Tether’s token issuance stayed broadly steady at $184 billion through the first nine months of 2026. Tether CEO Paolo Ardoino said the reserve strategy is designed to preserve liquidity for redemptions during market or financial-system stress, while excess reserves help strengthen the company’s finances. ## Links in this article - [about $4.1 billion at the end of June](https://www.tokenpost.com/news/business/25744)