Tether CEO: Tether's holdings of U.S. Treasury bonds generate about $500 million in monthly revenue

Jinse Finance reported that Tether CEO Paolo Ardoino stated on the X platform that, according to the latest attestation report for the third quarter of this year, Tether holds several billions of dollars in excess reserve buffers, with Tether's total assets reaching approximately 215 billions USD, while stablecoin liabilities are about 184.5 billions USD. In addition, the error made by S&P was not taking into account that the US Treasury bonds held solely by Tether can generate about 500 millions USD in monthly profit, and they likely did this intentionally to support Tether's competitors.