Tether, the leading stablecoin issuer, saw its excess reserves nearly double to $8 billion by the end of Q3. Its holdings in US Treasuries are now on par with major foreign holders, underscoring the scale of its financial backing.
Additionally, the company’s Bitcoin reserves were valued at $8.37 billion at September’s close. These figures highlight Tether’s robust asset base and solid market position amid the evolving crypto landscape.