Tether USDt price stays near peg as Russia sets November 17 trading start
Published on 11/12/2026 at 07:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDT combines access and reserve signals
- The Bank of Russia will permit public trading of USDT for non-qualified investors from November 17, 2026.
- Purchases by non-qualified investors will be capped at 300,000 rubles per year through each intermediary.
- Tether reported 7.95 billion US dollars in excess reserves and 1.5 billion US dollars in third-quarter net operating profit.
- Investing.com displayed USDT at 0.9990 US dollars, consistent with its intended dollar peg.
Tether USDt price remains close to its intended dollar peg while two developments are shaping the stablecoin's investor context: Russia is preparing a regulated route to public trading, and Tether has reported a larger reserve buffer for the third quarter.
Russia sets a regulated access date
The Bank of Russia said on November 6 that its ordinance will take effect on November 17, 2026. From that date, Bitcoin, Ether and USDT may be publicly traded on exchanges.
For non-qualified investors, purchases through a single broker, trust manager or crypto exchange office will be limited to 300,000 rubles per year. Qualified investors will have access to all cryptoassets without that restriction. The regulator also requires investors to pass a relevant test and review crypto investment risks before transacting. The rules therefore broaden potential access to USDT, but do not remove the restrictions or risks attached to the new framework.
Reserve figures add context
According to CoinMarketCap, Tether reported 1.5 billion US dollars in third-quarter net operating profit and 4.5 billion US dollars for the first nine months of 2026. Its BDO reserve attestation for September 30 showed 191.5 billion US dollars in reserve assets against 183.5 billion US dollars in liabilities, leaving 7.95 billion US dollars in excess reserves, up from 4.1 billion US dollars at the end of June.
Those figures describe the September 30 reporting date, not current liquidity. The same report said Tether held 132.4 billion US dollars in direct and indirect US Treasury bill exposure and that USDT issuance was broadly stable at about 184 billion US dollars during the first three quarters.
Price remains near the peg
The Investing.com quote page displayed Tether USDt at 0.9990 US dollars, with a 24-hour volume of 49.06 billion US dollars and market capitalization of 175.75 billion US dollars. The page also listed 175.96 billion USDT in circulation. No UTC day-close comparison is used here, so the displayed intraday percentage is not presented as a verified November 11 to November 12 change.
Tether describes its tokens as pegged one-to-one to fiat currencies and backed by reserves on its official website. For investors, the key distinction is that USDT's near-peg price is designed to provide stability rather than speculative growth, while reserve composition, redemption conditions and regulatory access remain important points for ongoing assessment.
More coverage is available on the Tether USDt topic page.
