Paolo Ardoino responds to reserve doubts, stating that S&P overlooks Tether group's equity and U.S. treasury yields.

Tether CEO Paolo Ardoino responded to concerns regarding Tether's reserves and stability, stating that according to Tether's latest audit announcement for Q3 2025, the company maintains billions of dollars in excess reserves, with group equity nearing $30 billion; as of the end of the quarter, Tether has approximately $7 billion in excess equity, around $184.5 billion in stablecoin reserves, and about $23 billion in group retained earnings, with total group assets around $215 billion and stablecoin liabilities approximately $184.5 billion. He noted that the outside world (including S&P) overlooks these group equities and that Tether generates around $500 million in baseline profit each month solely from U.S. Treasury yields, leading to misunderstandings about its financial situation.