Paolo Ardoino, CEO of stablecoin issuer Tether, posted on the X platform that, according to the latest attestation report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffer, Tether's total assets have reached approximately $215.00 billion, and stablecoin liabilities are approximately $184.50 billion.In addition, S&P's mistake was not considering that US Treasury bonds held by Tether alone generate approximately $500.00 million in profit each month, and they are likely doing this intentionally to support Tether's competitors.[ChainCatcher]
Paolo Ardoino, CEO of stablecoin issuer Tether, posted on the X platform that, according to the latest attestation report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffer, Tether's total assets have reached approximately $215.00 billion, and stablecoin liabilities are approximately $184.50 billion.In addition, S&P's mistake was not considering that US Treasury bonds held by Tether alone generate approximately $500.00 million in profit each month, and they are likely doing this intentionally to support Tether's competitors.[ChainCatcher]
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