Tether, the issuer of USDT, reported a significant increase in its excess reserves, rising from $4.11 billion to $7.95 billion by the end of the third quarter. Although this figure has nearly doubled, it still falls short of the March peak of $8.23 billion. According to an assessment by BDO, Tether's total assets stood at $191.45 billion, with liabilities amounting to $183.5 billion as of the end of September. The company's net operating profit for the quarter remained steady at $1.5 billion, bringing the total for the first nine months of the year to $4.5 billion.