Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B

Crypto Insight Summary: The stablecoin issuer’s US Treasury holdings are comparable to those of major foreign holders, while its Bitcoin reserves were valued at $8.37 billion at the end of September. Crypto Insight Analysis: Direction: Bullish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Rising reserves and profits strengthen USDT solvency and liquidity, modestly supporting broader crypto market sentiment.