Tether CEO: S&P's attack on Tether may be intentional; currently, holding US Treasury bonds generates approximately $500 million in monthly income.

According to Mars Finance, Paolo Ardoino, CEO of stablecoin issuer Tether, stated in a post on the X platform that, based on the latest forensic report for the third quarter of this year, Tether holds billions of dollars in excess reserve buffers, bringing its total assets to approximately $215 billion, while its stablecoin liabilities are approximately $184.5 billion. Furthermore, S&P's mistake lies in failing to consider that Tether's holdings of US Treasury bonds alone generate approximately $500 million in profit per month, and that this is likely intentional on their part to support Tether's competitors.