Tether Made $4.5 Billion in 2026, Yet Its Bitcoin Pile Now Outweighs USDT's Safety Net
Tether reported $4.5 billion in profit over the first nine months of 2026 in its third-quarter attestation. Its reserve cushion of $7.95 billion is now smaller than the $8.37 billion in Bitcoin held in reserves, so USDT backing is tied to Bitcoin and gold prices as well as Treasuries. Traders should watch how price moves affect the buffer.