Tether CEO: S&P may be targeting Tether; currently holding US Treasury bonds generates approximately $500 million in monthly income.

Tether CEO Paolo Ardoino stated in a post on the X platform that, according to the latest ascertainment report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffers, bringing its total assets to approximately $215 billion, while its stablecoin liabilities are approximately $184.5 billion.

Furthermore, S&P's mistake lies in failing to consider that Tether's holdings of US Treasury bonds alone generate approximately $500 million in profit per month, and that they may intentionally do so to support Tether's competitors.

[PANews]