BDO Attests to Tether's Q3 Profitability and Reserve Increase
1 report, 1 independent
Updated Sat 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Accounting firm BDO attested that Tether earned a net profit of $1.5 billion during the third quarter of 2026, according to a report from October 31, 2026. This profit brings Tether's nine-month total to $4.5 billion. The company also increased its reserve buffer from $4.1 billion to $7.95 billion, with total assets standing at $191.45 billion, including $132.4 billion in U.S. Treasury bills.
From 247wallst.com
Why it matters
The increase in Tether's reserve buffer and reported profitability may strengthen the perceived stability of USDT, the largest dollar-pegged stablecoin. The token remained close to its intended $1 value following the announcement, trading at $0.9995.
From 247wallst.com
Who's involved
- BDOAccounting firm that attested to Tether's Q3 profitability
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- BDO's audit of Tether may strengthen its appeal to ING GroupBDO's audit of Tether may strengthen its appeal to ING GroupPossible
- Tether audit provides new data for Financial Reporting Council reviewThe Financial Reporting Council may use the Tether audit to influence its review of BDO's quality.Possible
- BDO's successful Tether audit may challenge Deloitte's mandate pipelineBDO's successful Tether audit may challenge Deloitte's mandate pipelinePossible
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The entities involved
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BDO
Philippine banking company
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