Tether USDt price stays near peg as Russia opens regulated retail access
Published on 11/09/2026 at 18:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDT remains close to its peg
- Russia has approved Bitcoin, Ether and Tether for non-qualified retail investors from November 17, 2026, subject to testing and purchase limits.
- Investing.com displayed Tether USDt at 0.9992 USD, with a 24-hour volume of 24.33 billion USD and a market capitalization of 176.80 billion USD.
- Tether reported 1.5 billion USD in third-quarter net operating profit and 7.95 billion USD in excess reserves as of September 30.
The Tether USDt price remained close to the token's one-dollar target on November 9, as a new Russian framework added USDT to the cryptocurrencies available to some retail investors. The development broadens regulated access but introduces purchase limits and mandatory testing for non-qualified investors.
Russia sets rules for retail access
According to Grafa, the Bank of Russia approved Bitcoin, Ether and Tether for non-qualified investors from November 17, 2026. Purchases by non-qualified investors will be limited to 300,000 rubles per year through each intermediary, and investors must pass a knowledge test before trading. Qualified investors will have access to all cryptocurrencies without purchase limits under the reported framework.
The approval is therefore a regulatory access development rather than a change to USDT's underlying design. Tether describes its tokens as blockchain-based assets pegged one-to-one to fiat currencies and backed by reserves. USDT is issued across multiple blockchains, so users must also select the correct transport protocol when transferring tokens.
Reserve figures strengthen the backdrop
The latest financial context comes from Tether's third-quarter reserve attestation. CoinMarketCap reported that Tether posted 1.5 billion USD in net operating profit in the quarter and 4.5 billion USD during the first nine months of 2026. Excess reserves rose to 7.95 billion USD at September 30, from 4.1 billion USD at the end of June. The report listed 191.5 billion USD in reserve assets against 183.5 billion USD in liabilities.
The reserve composition included 132.4 billion USD in direct and indirect U.S. Treasury bill holdings, according to the same report. These figures describe the issuer's financial position at the reporting date; they do not represent a guarantee that USDT will trade at exactly one dollar on every venue.
Price and investor context
Investing.com displayed Tether USDt at 0.9992 USD on its November 9 quote page. The page also listed 24-hour volume of 24.33 billion USD, a market capitalization of 176.80 billion USD and 177.03 billion USDT in circulation. These indicators underline the token's role as a high-liquidity settlement and trading instrument, rather than a conventional growth cryptocurrency.
For investors, the key considerations remain the stability of the dollar peg, the quality and transparency of reserves, and the regulatory conditions governing access in individual markets. Russia's decision may expand one regulated route for retail participation, while the reserve data provide the latest dated snapshot of Tether's reported cushion.
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