Tether Reveals Billions in Reserves, Sparking Debate About S&P Oversight

Tether CEO Paolo Ardoino has shed light on the company’s substantial financial reserves with a recent report showing billions of dollars in excess buffers. Tether’s total assets have soared to approximately $215 billion, while stablecoin liabilities sit at around $184.5 billion. However, Ardoino also points out an oversight by S&P rating agency that excludes approximately $500 million in monthly profit generated from U.S. Treasury holdings solely by Tether. This omission raises questions about potential bias and the impact on Tether’s competitive landscape.