Tether CEO Responds to FUD: Tether Group's Equity in Q3 is Nearly $30.00B, U.S. Treasury Bonds Alone Can Generate Approximately $500.00M in Basic Profit Each Month

On November 30, Tether CEO Paolo Ardoino responded to "About Tether FUD" by saying, "According to the latest announcement (Q3 2025): Tether will continue to maintain a multi-billion dollar excess reserve buffer, with total group equity close to $30.00B. As of the end of Q3 2025, Tether has approximately $7.00B in excess equity (on top of approximately $184.50B in stablecoin reserves) and approximately $23.00B in retained earnings as part of Tether group equity.

The Tether Group has total assets of approximately $215.00B and stablecoin liabilities of approximately $184.50B. S&P made the same mistake in its analysis: it did not consider the additional group equity, nor did it consider the approximately $500.00M in monthly base profit that could be generated from US Treasury yields alone."

Previously reported, S&P Global Ratings lowered Tether's $USDT stability rating from "Limited" to "Weak" and warned that a decline in Bitcoin prices could lead to the stablecoin being undercollateralized. S&P said the assessment "reflects the increase in exposure to high-risk assets in $USDT reserves over the past year," including Bitcoin, gold, secured loans and corporate bonds, while also considering the limited disclosure of information.

In addition, BitMEX co-founder Arthur Hayes posted that the Tether team is in the early stages of conducting a large-scale interest rate trade. My interpretation of the Tether reserve audit report is that they believe the Fed will cut interest rates, which will severely hit their interest income. In response, Tether is buying gold and BTC, and if the "gold + BTC position" falls by about 30%, it will wipe out their equity capital, and then $USDT will theoretically be insolvent.

[BlockBeats]