Tether CEO: S&P's crackdown on Tether may be intentional; current holdings of US Treasury bonds generate about $500 million in monthly revenue
ChainCatcher News, stablecoin issuer Tether CEO Paolo Ardoino posted on X stating that, according to the latest attestation report for Q3 this year, Tether holds several billions of dollars in excess reserve buffers. Tether's total assets have reached approximately $215 billions, while stablecoin liabilities are around $184.5 billions.
In addition, the mistake made by S&P is that they did not take into account that the U.S. Treasury bonds held solely by Tether can generate about $500 millions in profit each month, and they are likely doing this intentionally to support Tether's competitors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs Bets on 'Rising Stocks and Bullish Bonds': S&P 500 Targeted at 8,700 Points, 10-Year US Treasury Yield Falls to 4.5%
Goldman Sachs expects the S&P 500 index to rise by 13.7% over the next 12 months, with the 10-year US Treasury yield falling from the current 5% to 4.5%. The bank's 12-month target for the S&P 500 is 8,700 points.
Up 14% since July! Forex options traders bet the Korean won rally will continue
Forex options traders are betting that the Korean won, which has been leading the Asian forex market since July, will continue its strong momentum.
Oppenheimer: Azure and M365 Commercial Edition expected to accelerate in fiscal 2027; Microsoft (MSFT.US) target price raised to $570
Oppenheimer raised Microsoft's target price from $515 to $570 and maintained its "Outperform" rating.
Crypto prices
More
