# Tether earns $1.5 billion in the third quarter and nearly doubles its reserve buffer to $7.95 billion

The issuer holds $132.4 billion of US Treasuries. In a parallel test of tokenized cash, Uber earned 1.5 extra days of yield by keeping corporate cash invested over a weekend through HSBC tokenized deposits on Canton.

- Published: 2026-10-31T05:43:59.168Z
- Canonical: https://polylog.news/crypto/2026-10-31/tether-earns-1-5-billion-in-the-third-quarter-and-nearly-dou
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [crypto.news](https://crypto.news/tether-q3-2026-profit-reserve-buffer/), [Crypto Briefing](https://cryptobriefing.com/tether-q3-2026-profit-reserve-buffer/), [crypto.news](https://crypto.news/uber-hsbc-franklin-templeton-canton-weekend-yield/), [Ledger Insights](https://www.ledgerinsights.com/ant-international-uses-hsbc-tokenized-deposits-to-sweep-idle-cash-into-tokenized-benji-mmf/)

Tether reported $1.5 billion in third-quarter net operating profit, the same as the previous quarter. Profit for the first nine months reached $4.5 billion. According to the attestation by the accounting firm BDO, Tether's reserve buffer ro…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-10-31/tether-earns-1-5-billion-in-the-third-quarter-and-nearly-dou (subscription information: https://polylog.news/pricing).