Tether USDt price stays near $1 as reserve buffer nearly doubles
Published on 11/01/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSReserve data and peg context
- Tether reported $1.5 billion in third-quarter net operating profit and $4.5 billion for the first nine months of 2026.
- Excess reserves rose to $7.95 billion at September 30 from $4.1 billion at the end of June.
- Investing.com listed USDT at $0.9997 at 20:22:48 Berlin time on November 1, 2026.
- Reuters reported that Tether froze nearly $1.57 billion linked to the Binance security incident.
The Tether USDt price remained close to its one-dollar target on November 1, while new reserve figures and a major security incident focused attention on the stablecoin issuer's financial cushion and control over its tokens.
Reserve buffer nearly doubles
Tether published its third-quarter attestation on October 30. The report, prepared by BDO, covers the company's financial figures and reserves as of September 30, 2026. Tether said its excess reserves had risen to $7.95 billion from $4.1 billion at the end of the second quarter.
The issuer reported $1.5 billion in third-quarter net operating profit and $4.5 billion for the first nine months of 2026. U.S. Treasury bills and reverse repurchase agreements provided most of that income, according to Tether.
Tether reported total assets of $191.45 billion and total liabilities of $183.50 billion at the reporting date. Its direct and indirect U.S. Treasury bill holdings totaled $132.4 billion. These figures are an attestation snapshot as of September 30, rather than a real-time measure of reserves or a full financial-statement audit.
USDT stays close to its target
Investing.com listed USDT at $0.9997 at 20:22:48 Berlin time on November 1, 2026. The same page showed a daily range of $0.9989 to $0.9999 and a 52-week range of $0.9943 to $1.0032. The displayed quote does not establish a verified UTC closing comparison for the previous day, so no UTC daily percentage change is presented here.
Freeze power under scrutiny
The reserve update arrived as stablecoin issuers responded to the Binance security incident. Reuters reported that Tether had frozen nearly $1.57 billion in assets linked to the incident, while Circle froze more than $800 million. The report said the wider theft involved $6.3 billion and that Binance planned to cover customer losses with company funds.
For investors and users, the developments highlight two different aspects of USDT: its stated liquidity cushion and the issuer's ability to restrict transfers from specific addresses. The stronger reserve position may improve the reported backing margin, while freeze actions underline that USDT is not an unrestricted bearer asset in the same way as a self-custodied cryptocurrency without issuer controls.
Further coverage is available on the Tether USDt topic page.
