Tether USDt price stays near peg as reserves and oversight draw attention
Published on 11/11/2026 at 07:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDT remains close to its peg
- Investing.com listed Tether USDt at 0.9989 USD, with a market capitalization of 176.84 billion USD and 177.04 billion USDT in circulation.
- Tether reported 1.5 billion USD in third-quarter net operating profit and 7.95 billion USD in excess reserves as of September 30, 2026.
- The issuer said it froze more than 1.5 billion USDt within 30 minutes of the October 29 Binance hack, highlighting both its intervention capacity and the token's centralized controls.
Tether USDt price remains close to its intended one-dollar target, while the issuer's latest disclosures put reserve strength and centralized control at the center of the current investor picture. Investing.com listed USDT at 0.9989 USD and showed a market capitalization of 176.84 billion USD, 24-hour volume of 60.04 billion USD and circulating supply of 177.04 billion USDT. The displayed reading is not used here as a UTC day-over-day percentage because the page did not provide a verifiable prior-day UTC closing basis.
Reserve buffer expands
In a October 30 report, Tether said its third-quarter 2026 attestation, prepared by BDO, covered reserves as of September 30. The company reported 1.5 billion USD in net operating profit for the quarter and 4.5 billion USD for the first nine months of 2026. It said the reserve buffer increased to 7.95 billion USD from 4.1 billion USD at the end of the second quarter.
Total reserve assets stood at 191.5 billion USD, compared with total liabilities of 183.5 billion USD. Direct and indirect holdings of U.S. Treasury bills totaled 132.4 billion USD, according to Tether. The company also said USDT issuance remained broadly steady at 184 billion USD during the first three quarters of the year. These figures describe the issuer's reported financial position; they do not remove the operational and regulatory risks associated with a privately controlled stablecoin.
Freeze action shows trade-off
Tether said in a November 2 statement that it froze more than 1.5 billion USDt within 30 minutes of the October 29 Binance hack. The issuer said the FBI attributed the attack to North Korea. Tether also reported that, as of October 31, it had helped freeze approximately 1.6 billion USDt across more than 3,590 wallets for U.S. authorities.
The intervention illustrates a key feature of USDT: rapid issuer action can help contain stolen funds, but the same ability means holders rely on a centralized entity to decide when tokens are frozen. For market participants, Tether USDt price stability therefore sits alongside questions about reserves, redemption liquidity, legal oversight and control of addresses.
Investor context
The latest figures support a stablecoin use case focused on liquidity and settlement rather than speculative price appreciation. The near-peg reading is consistent with that role, while the reserve report offers a dated snapshot rather than a guarantee of future market access or redemption conditions. Investors should distinguish the reported September 30 reserve position from the live token balance and from later regulatory or legal developments.
More coverage is available on the Tether USDt topic page.
