Tether
CEO Paolo Ardoino led the company in 2026. Its Q3 2026 operating profit reached $1.5 B and excess reserves rose to $7.95 B, almost double the $4.1 B reported in June. Tether held $191.5 B in assets against $183.5 B in liabilities, giving a reserve surplus of $7.95 B. Asset composition includes $132.4 B in U.S. Treasury bills and reverse repos, and Bitcoin reserves of $8.37 B. By Oct 30, the stablecoin’s user base surpassed 700 million, mostly in emerging markets. In response to the Oct 29 Binance hack, which stole $6.4 B via an unauthorized contract (EIP‑7702), Tether froze $1.567 B USDT tied to the outflow, an additional $971 M, and $975 M in the main receiving address. It also froze $1.79 B USDT linked to the incident. These actions were part of a broader recovery cooperation with Binance, the U.S. Secret Service, and the FBI. The company’s reserves include gold holdings and remain the largest U.S. Treasury‑claimant among stablecoins, holding ~60 % of the $297 B stablecoin market. Tether moved within hours to block billions in stolen crypto from Binance USDC overtakes Tether in euro‑denominated stablecoin trading Charles Edwards pointed to Tether halting $1.8 billion of stolen funds as proof that crypto needs human intervention Tether announced plans to launch USDT on RGB in August 2025 Tether had planned to launch USDT on RGB in August 2025 Utexo was funded by Tether’s $7.5 million seed round in March 2026 Viktor Ihnatiuk had a conversation with Tether at Bitcoin Prague in 2023· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- TetherBLOCKED BILLIONS IN STOLEN CRYPTO FROM BINANCEBinance
Tether moved within hours to block billions in stolen crypto from Binance
- TetherPUBLISHED BYCointelegraph
The article reporting Tether’s Q3 results is published on Cointelegraph.com
- TetherHAS DATA FROMDefiLlama
The share of USDT in the stablecoin market is reported by DefiLlama data
- TetherHAS USDT STABLECOINstablecoin USDT
Tether’s USDT remains the world’s largest stablecoin, accounting for about 60% of the $297.3 billion stablecoin market
- TetherFREEZESUSDT
Tether freezes USDT
- TetherHAS USDT CUSHIONUSDT
Tether's reserves include a $7.95 billion USDT cushion.
- KPMGPERFORMEDTether
KPMG performed an audit on Tether.
- BDOPREPAREDTether
BDO prepared Tether's Q3 2026 attestation.
- BeInCryptoREPORTEDTether
BeInCrypto reported Tether's Q3 2026 attestation.
- TetherHAS ASSETTreasury bill
Tether's reserves include $132.4 billion in US Treasury bills and reverse repos.
- TetherHAS ASSETGold
Tether's reserves include gold.
- TetherHAS RESERVE OFBitcoin
Tether's reserves contain $8.37 billion in Bitcoin.
- USDCOVERTAKESTether
USDC overtakes Tether in euro‑denominated stablecoin trading
- Changpeng ZhaoANNOUNCEDTether
Changpeng Zhao announced that Tether froze assets
- TetherDONT RESPOND TOBBC
Tether did not immediately respond to queries from the BBC
- TetherDID NOT RESPOND TOBBC
Tether did not respond to queries from the BBC
- Changpeng ZhaoCOMMENTED ONTether
Changpeng Zhao added that Tether has also frozen around $1.7bn in stolen assets
- Charles EdwardsPOINTED TOTether
Charles Edwards pointed to Tether halting $1.8 billion of stolen funds as proof that crypto needs human intervention
- Paolo ArdoinoCEO OFTether
Paolo Ardoino is CEO of Tether
- TetherFROZEN LINKED TOBinance security breach
Tether froze assets linked to the Binance security breach
- TetherFROZEUSDT
Tether froze $1.79 billion USDT
- TetherFROZEN TOKENUSDT
Tether froze 975.1 million USDT in the main receiving address
- CZTHANKEDTether
CZ thanked Tether for about $971 million
- TetherFREEZEDUSDT
Tether initiated a freeze request targeting approximately $971.1 million in USDT
- TetherFREEZED STABLECOINS TIED TOBinance
Tether froze stablecoins tied to the Binance incident
- TetherFREEZE FUNDS ONBinance
Tether froze approximately $971 million in funds belonging to Binance
- TetherREACTED TO FREEZEBinance
Tether reacted quickly to freeze the majority of the funds associated with the security incident at Binance
- TetherFREEZESUSDT
Tether froze more than 1.567 billion USDT
- BinanceMOVES TETHERTether
Binance moved roughly $1.6 billion in Tether (USDT) along with 63 other tokens on 2026-10-29 at 20:24 UTC.
- OKXRESERVE RATIO FORTether
OKX -> RESERVE_RATIO_FOR -> Tether
- UtexoPREPARESTether
Utexo is preparing to bring Tether’s stablecoin back to Bitcoin
- TetherHAS PROTOCOLVirtuals Protocol
Tether uses USDT0 as its protocol
- USATFROMTether
USAT is from Tether
- TetherHAS LARGER CIRCULATING SUPPLY THANUSDC
Tether has a circulating supply about 2.5 times that of USDC
- TetherBRINGS USDT TOBitcoin
Tether is bringing USDT back to Bitcoin
- TetherPROVIDESMining Development Kit
Tether provides the Mining Development Kit
- TetherLISTSCanaan
Tether lists Canaan as a participant in its Mining Development Kit
- TetherLISTSHeatbit
Tether lists Heatbit as a participant in its Mining Development Kit
- TetherLISTSEMCD
Tether lists EMCD as a participant in its Mining Development Kit
- TetherLISTSElektron Energy
Tether lists Elektron Energy as a participant in its Mining Development Kit
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 12
- Binance hackers raced to move billions before it could be frozen2 cited reports · 2026-10-31
- Experts divided over Binance hack asset freezes, warn recovery is another matter9 cited reports · 2026-10-31
- Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5B1 cited report · 2026-10-31
- OKX Marks Four Years of Proof-of-Reserves With $36 Billion in On-Chain Assets1 cited report · 2026-10-30
- Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?2 cited reports · 2026-10-29
- Anchorage Positions Itself as Custody Backbone of US-Mexico Stablecoin Corridor1 cited report · 2026-10-28
- USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: Kaiko1 cited report · 2026-10-27
- CoinDCX’s $16 million loss revives uncomfortable memories of FTX and Celsius2 cited reports · 2026-10-27
- Crypto Heads Into Fed Week With a Warning Sign in the Stablecoin Data1 cited report · 2026-10-27
- Paolo Ardoino wants AI to run Bitcoin mines. Who gets permission to act?1 cited report · 2026-10-26
- Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel1 cited report · 2026-10-24
- Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm4 cited reports · 2026-10-24
Source reports 30
- Why Bitcoin’s Next All-Time High Looks Distant After the Binance HackBeInCrypto · 2026-10-31
- Binance hackers raced to move billions before it could be frozenCointelegraph · 2026-10-31
- Experts divided over Binance hack asset freezes, warn recovery is another matterCoinDesk · 2026-10-31
- Tether’s excess reserves nearly double to $8B as Q3 profit hits $1.5BCointelegraph · 2026-10-31
- Secret Service, FBI Join Binance Hack Probe as Circle Freezes $823 MillionDecrypt · 2026-10-31
- Tether Made $4.5 Billion in 2026, Yet Its Bitcoin Pile Now Outweighs USDT's Safety NetBeInCrypto · 2026-10-31
- Crypto Biz: Bitcoin’s quantum threat is becoming an economic problemCointelegraph · 2026-10-31
- Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest DayDecrypt · 2026-10-30
- Binance Finds 'Additional Points of Breach' in $6.3B HackDecrypt · 2026-10-30
- Bitcoin Price Briefly Slides to $76,300 as Binance Confirms Hack Estimated at $6.3 BillionBitcoin Magazine · 2026-10-30
- Crypto giant Binance hit by $6.3bn hack suspected to be largest in historyBBC Business · 2026-10-30
- Trump’s crypto firm joins Tether, Circle, and Ripple in $2.6 billion stablecoin freeze as Binance hack outflows near $6 billionCryptoSlate · 2026-10-30
- Bitcoin whipsaws below $79,000 as Binance hot wallet reportedly drained by Tornado Cash-linked walletCryptoSlate · 2026-10-30
- Binance investigating hack as suspicious outflows reach up to $5.8 billionThe Block · 2026-10-30
- Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 BillionDecrypt · 2026-10-30
- Binance Hack: $6.3 Billion Impacted, Circle and Tether Freeze, Crypto Markets ReactBeInCrypto · 2026-10-30
- Crypto Liquidations Top $628 Million in an Hour as Binance Hack Fears Sink BitcoinBeInCrypto · 2026-10-30
- Is Binance Being Hacked? $2 Billion Outflow Puts Customer Funds in QuestionBeInCrypto · 2026-10-30
- OKX Marks Four Years of Proof-of-Reserves With $36 Billion in On-Chain AssetsBeInCrypto · 2026-10-30
- Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?Cointelegraph · 2026-10-29
- The Real Threat to Bitcoin Payments Isn’t Tech, Jack Dorsey’s Team SaysBeInCrypto · 2026-10-28
- Anchorage Positions Itself as Custody Backbone of US-Mexico Stablecoin CorridorDecrypt · 2026-10-28
- USDC overtakes USDT in euro stablecoin trading as EU rules reshape market: KaikoCointelegraph · 2026-10-27
- CoinDCX’s $16 million loss revives uncomfortable memories of FTX and CelsiusCryptoSlate · 2026-10-27
- Crypto Heads Into Fed Week With a Warning Sign in the Stablecoin DataBeInCrypto · 2026-10-27
- Paolo Ardoino wants AI to run Bitcoin mines. Who gets permission to act?CryptoSlate · 2026-10-26
- Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on IsraelDecrypt · 2026-10-24
- Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s FirmDecrypt · 2026-10-24
- Sen. Blumenthal seeks answers from Tether over payments to firm founded by ex-White House crypto adviserThe Block · 2026-10-24
- US senator probes Tether after reported deal with ex-Trump crypto adviserCointelegraph · 2026-10-24