Tether USDt price holds near peg as Russia access nears
Published on 11/11/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDT remains close to its dollar peg
- Investing.com listed Tether USDt at USD 0.9989, with a 24-hour volume of USD 60.04 billion.
- Tether reported USD 7.95 billion in excess reserves as of September 30, 2026, nearly double the second-quarter figure.
- Russia's central bank has included USDT in a list for non-qualified investors, with the rules taking effect on November 17.
The Tether USDt price remains close to its dollar target, with Investing.com listing USDT/USD at USD 0.9989 on its quoted page. The same page showed a 24-hour trading volume of USD 60.04 billion, a market capitalization of USD 176.84 billion and a circulating supply of 177.04 billion USDT. As a stablecoin, the token's primary investment relevance is its ability to maintain liquidity and track the US dollar rather than deliver speculative price appreciation.
Reserve cushion strengthened in Q3
Tether reported a materially larger reserve buffer in its third-quarter attestation. According to Tether, assets exceeded liabilities by USD 7.95 billion as of September 30, 2026, compared with USD 4.1 billion at the end of the second quarter. Total reserve assets stood at USD 191.5 billion, while liabilities were USD 183.5 billion.
The issuer also reported USD 1.5 billion in third-quarter net operating profit and USD 4.5 billion for the first nine months of 2026. Direct and indirect holdings of US Treasury bills totaled USD 132.4 billion. Tether said issuance remained broadly steady at USD 184 billion across the first three quarters. These figures describe a dated reserve position and are not the same as a full financial-statement audit.
Russia sets a regulatory milestone
Separately, Russia's central bank has approved a list of cryptoassets available to non-qualified investors that includes Bitcoin, Ether and USDT. The Bank of Russia said the ordinance takes effect on November 17, 2026. Purchases by non-qualified investors through a single intermediary may not exceed RUB 300,000 per year, and investors must pass the relevant test and review the risks before trading.
The measure creates a regulated route for public trading, but it does not by itself confirm that every exchange or intermediary will offer USDT on the effective date. For investors, the development is therefore a market-access change rather than evidence of a guaranteed increase in demand. The near-peg price, reserve position and regulatory access should be assessed separately.
More coverage is available on the Tether USDt topic page.
