Paolo Ardoino responds to reserve concerns, saying S&P ignores Tether group equity and US Treasury收益.

In response to questions about Tether's reserves and stability, Tether CEO Paolo Ardoino stated that, according to Tether's latest Q3 2025 audit announcement, the company maintains billions of dollars in excess reserves, with group equity approaching $30.00 billion.

As of the end of the quarter, Tether had approximately $7.00 billion in excess equity, approximately $184.50 billion in stablecoin reserves, and approximately $23.00 billion in group retained earnings, with total group assets of approximately $215.00 billion and stablecoin liabilities of approximately $184.50 billion.

He pointed out that outsiders (including S&P) have ignored these group equities, as well as the fact that Tether can generate approximately $500.00 million in basic profit per month from US Treasury yields alone, leading to misunderstandings about its financial situation.