The ranking company S&P World modified USDT’s
$1.00
peg to the US greenback to a “weak” ranking on November 29.
This adjustment raised questions on Tether’s method to reserves.
The company referenced Tether’s portfolio, which holds property comparable to Bitcoin
$86,672.92
and gold, as a possible weak point in sustaining the $1 peg.
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Paolo Ardoino, Tether’s Chief Know-how Officer, pointed to Tether’s third-quarter 2025 attestation, which confirmed whole group property 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 further group fairness and about $23 billion in retained earnings at the moment.
Tether’s CTO acknowledged that S&P World’s rating didn’t consider extra group fairness or Tether’s ongoing revenue from US Treasury curiosity, estimated at almost $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
$315.28K
, shared his view that Tether may be growing its gold and Bitcoin holdings to offset shrinking returns from US Treasuries.
Hayes defined that if the worth of those property dropped by about 30%, it may 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.
