Tether CTO: S&P miss like ~$30B for equity; Dem defend USDT reserves and treasury income
Tether leadership den publicly reject S&P Global downgrade wey dem give on Nov 29 about USDT peg resilience, dem talk say the rating lowball di company equity cushion and ongoing Treasury income. S&P point say Tether put money for Bitcoin and gold fit be risk and dem call USDT peg “weak.” Tether Q3 2025 attestation show about $215 billion total group assets versus about $184.5 billion stablecoin liabilities, wey Tether say mean about $7 billion excess group equity and about $23 billion retained earnings. CTO Paolo Ardoino (plus CEO comments) add say Tether dey earn around $500 million per month from US Treasury holdings — revenue S&P allegedly underweight — and dem talk say about $30 billion total extra cushion exist when you include group equity and retained earnings. Critics like BitMEX founder Arthur Hayes warn say ~30% drop for Bitcoin and gold prices fit chop these buffers and threaten solvency; former Citi analyst Joseph Ayoub counter say Tether asset base and profitability good compared to banks. Tether also report about 500 million users. For traders: dis dispute go increase scrutiny of stablecoin reserve composition and fit cause short-term volatility for USDT-linked trading pairs. SEO keywords: Tether, USDT, S&P Global, reserves, Bitcoin, gold, Treasury income, stablecoin solvency.
Neutral
Di tori increase di scrutiny ova USDT reserves but e nor give immediate proof say dem don bankrupt or say liquidity wahala don happen. Tether published figures (≈$215B assets vs ≈$184.5B liabilities, claim say e get excess equity and retained earnings) plus di reported monthly Treasury income show say dem get big cushion wey dey support di peg, fit make am stable. On di oda hand, S&P downgrade and warning about allocations to volatile assets (BTC, gold) raise real concerns we fit make market feel nervous short-term and tighten spreads on USDT pairs. Trading meaning: short-term more volatility and possible temporary outflows from USDT to oda stablecoins or fiat during news-driven episodes; but if no material loss event or audit wey contradict Tether’s attestations, mid-to-long-term impact on USDT price stability suppose small. Overall, effects balanced — higher short-term risk sentiment but functioning reserves and earnings reduce a clear bearish outcome for USDT.