Tether USDt price holds near peg as reserve buffer rises

Tether USDt price remains close to the one-dollar target while two recent developments shape the stablecoin's investor context: a larger reported reserve cushion and the issuer's intervention after a suspected Binance security incident. Investing.com listed USDT at USD 0.9997 when its Tether USDt page was checked on November 1, 2026, with a displayed time of 20:22:48. The page also showed a market capitalization of USD 179.90 billion, 24-hour volume of USD 37.83 billion and a circulating supply of 180.12 billion USDT.

Reserve cushion nearly doubles

In a release dated October 30, Tether said its third-quarter attestation, prepared by BDO, covered its financial figures and reserves as of September 30. The company reported USD 1.5 billion in net operating profit for the quarter and USD 4.5 billion for the first nine months of 2026. Tether said its excess reserves increased to USD 7.95 billion from USD 4.1 billion at the end of the second quarter.

The same report put total reserve assets at USD 191.5 billion and liabilities at USD 183.5 billion. Direct and indirect holdings of U.S. Treasury bills totaled USD 132.4 billion, according to Tether. The issuer also said USDT issuance had remained broadly steady at USD 184 billion during the first three quarters. These figures are from an attestation rather than a full financial-statement audit, a distinction relevant when assessing the quality of the disclosure.

Tether's announcement attributes most of the income to U.S. Treasury bills and reverse repurchase agreements. The larger buffer may improve the issuer's reported capacity to meet redemptions, but it does not remove the need to monitor asset composition, liabilities and the nature of future attestations.

Freeze capability becomes a key issue

Following the suspected Binance security incident reported on October 29, Tether CEO Paolo Ardoino said the company had frozen nearly USD 1.57 billion in assets linked to the event. Reuters reported that Tether and Circle together froze more than USD 2.38 billion in related assets, while Binance said roughly USD 3 billion had been frozen with industry partners. The figures describe blocked or frozen assets and do not establish the final amount stolen.

For users, the episode highlights a trade-off built into centralized stablecoins. Tether's ability to freeze tokens can support recovery and compliance efforts, but it also confirms that USDT is not an uncensorable bearer asset. The stablecoin's near-peg price therefore says little by itself about issuer, custody or regulatory risk.

Further coverage and context are available on the Tether USDt topic page.