Tether CEO: S&P's attack on Tether may be intentional, currently holding US Treasury bonds can generate approximately $500.00M in revenue per month.

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]