According to the Tether CEO, the company possesses approximately 215 billion USD in total assets, with stablecoin liabilities of 184.5 billion USD. These figures indicate a strong financial foundation.
Paolo Ardoino criticized S&P for their misjudgment regarding Tether’s financial strength, emphasizing that the credit agency does not recognize Tether’s robust income from US Treasury bonds.
Tether’s securities, primarily US Treasury bonds, generate about 500 million USD in monthly income, underlining the company’s economic stability.
The CEO suggested that S&P’s negative outlook could be a strategic move to strengthen the position of Tether’s competitors.
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