S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$81,907▼1.4% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

Crypto

Home›Crypto›Stablecoins›Tether’s excess reserves drop by more than $4 billion

Tether’s excess reserves drop by more than $4 billion

The Block reports Tether’s net operating profit fell to $1.5 billion in the most recent quarter from $4.9 billion in net profit in Q2 2025.

Tether’s excess reserves have fallen by more than $4 billion, according to The Block.

The outlet links the decline to weaker financial results, saying Tether swung from $4.9 billion in net profit for Q2 2025 to $1.5 billion in net operating profit in the second quarter of this year.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.