The ranking company S&P International modified USDT’s
$1.00
peg to the US greenback to a “weak” ranking on November 29.
This adjustment raised questions on Tether’s strategy to reserves.
The company referenced Tether’s portfolio, which holds belongings comparable to Bitcoin
$86,772.45
and gold, as a possible weak spot in sustaining the $1 peg.
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Paolo Ardoino, Tether’s Chief Expertise Officer, pointed to Tether’s third-quarter 2025 attestation, which confirmed whole group belongings close to $215 billion by the shut of Q3 2025, with stablecoin liabilities of about $184.5 billion.
The attestation additionally reported round $7 billion in extra group fairness and about $23 billion in retained earnings at the moment.
Tether’s CTO acknowledged that S&P International’s rating didn’t think about extra group fairness or Tether’s ongoing earnings from US Treasury curiosity, estimated at practically $500 million per 30 days. Ardoino felt the ranking didn’t present a full image because it excluded these sources of power for the enterprise.
Arthur Hayes, founding father of BitMEX
$330.75K
, shared his view that Tether could be rising its gold and Bitcoin holdings to offset shrinking returns from US Treasuries.
Hayes defined that if the worth of those belongings dropped by about 30%, it might wipe out Tether’s fairness and, in principle, push USDT into insolvency.
Not too long ago, Tether introduced that its consumer base has reached 500 million people worldwide. What did the Ardoino say? Learn the total story.
