Tether CEO: S&P's attack on Tether may be intentional; currently holds U.S. Treasury bonds generating about $500 million in revenue per month

Stablecoin issuer Tether's CEO Paolo Ardoino stated on platform X that, according to the latest verification report for the third quarter of this year, Tether holds tens of billions in excess reserve buffers. Tether's total assets have reached approximately $215 billion, while the stablecoin liabilities are about $184.5 billion. Furthermore, S&P's error lies in not considering that Tether alone holds U.S. Treasury bonds that can generate approximately $500 million in profit each month, and they are likely doing this intentionally to support Tether's competitors.