THE BLOCK: Tether generated $1.5 billion in Q3 net operating profit, bringing its nine-month total to $4.5 billion. Its reserve buffer nearly doubled quarter over quarter to $7.95 billion, while direct and indirect U.S. Treasury holdings reached $132.4 billion. "Our responsibility is to make sure USD₮ remains dependable when people need it most, including when markets and financial systems come under pressure," CEO Paolo Ardoino said in the firm's latest attestation report released on Friday.