According to Wu Block 123, Tether released its Q3 2026 audit report issued by BDO. The report showed net operating profit of approximately $1.5 billion, roughly flat compared to the previous quarter. Cumulative net operating profit for the first three quarters reached $4.5 billion, primarily from US Treasury bonds and reverse repurchase agreements. As of September 30, USDT issuance totaled approximately $184 billion, Tether's total reserve assets were approximately $191.45 billion, and total liabilities were approximately $183.5 billion. Excess reserves reached $7.955 billion, nearly doubling from $4.1 billion at the end of Q2, an increase of approximately $3.8 billion. Of this, direct and indirect holdings of US Treasury bonds amounted to $132.4 billion. [https://wublock123.com)/news/tether-q3-net-operating-profit-1-5b-excess-reserves-7-955b-71053]