Tether Defends Financial Health Amid S&P Downgrade

Following a recent Standard & Poor’s (S&P) downgrade, Tether has refuted concerns about its financial stability. The company’s CEO, Paolo Ardoino, highlighted strong reserves exceeding liabilities by 16.53%. This robust reserve buffer is fueled by monthly Treasury bond earnings of $500 million, bolstering Tether’s liquidity and resilience in the face of market scrutiny.