According to @paoloardoino, Tether's Q3 2025 attestation states the company will maintain a multi-billion-dollar excess reserve buffer and overall proprietary Group equity approaching USD 30 billion; source: Paolo Ardoino on X; Tether Q3 2025 attestation announcement. He also reports Tether held approximately USD 7 billion in excess equity at the end of Q3 2025, providing a concrete capital cushion figure relevant for USDT trading risk assessments and liquidity management; source: Paolo Ardoino on X citing the Tether Q3 2025 attestation announcement.