Tether just dropped their Q3 numbers and the cash printer is still working overtime. Quick breakdown: • Excess reserve cushion nearly doubled to almost $8B ($7.95B) • Total assets reached $191.5B against $183.5B in liabilities • Bitcoin stack jumped to $8.37B (up from $5.8B in June) • Over $132B in direct and indirect US Treasuries • $1.5B in Q3 profit alone ($4.5B on the year) Paolo also casually mentioned USDT passed 700M users. Say what you want about Tether, but that balance sheet buffer is getting absurd.