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Tether CEO: Tether holds U.S. Treasury bonds that can generate approximately $500 million in returns each month.
Golden Finance reports that Tether CEO Paolo Ardoino stated on the X platform that according to the latest verification report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffers, with total assets reaching approximately $215 billion and stablecoin liabilities around $184.5 billion. In addition, S&P's error lies in not considering that Tether alone holds U.S. Treasury bonds that can generate about $500 million in profit each month, and they are likely doing this intentionally to support Tether's competitors.