Tether has significantly increased its financial strength, with its excess reserves nearly doubling to $8 billion, according to CoinTelegraph. This boost reflects a robust balance sheet as the company continues to support its stablecoin operations amid a volatile crypto market.
In addition to the reserve growth, Tether reported a Q3 profit of $1.5 billion, highlighting strong earnings momentum during the third quarter. The company’s Bitcoin holdings were valued at $8.37 billion at the end of September, underscoring its substantial crypto asset backing.
For Japanese investors, Tether’s expanding reserves and profitability may signal increased stability and confidence in USDT, which remains widely used in Japan’s growing cryptocurrency trading ecosystem.