Tether CEO dismisses insolvency claims, says critics ignore $30B in group equity
Crypto Briefing
Tether CEO Paolo Ardoino refuted insolvency claims by highlighting the stablecoin issuer's $30 billion in group equity.Summary
Tether CEO Paolo Ardoino dismissed recent claims questioning the insolvency of USDT, the world's largest stablecoin by market capitalization. He emphasized that Tether possesses approximately $30 billion in total Group equity, which serves as a substantial buffer against potential declines in the value of its reserves, which include US Treasuries, Bitcoin, and gold. Ardoino criticized analyses, such as those from S&P, for overlooking this significant equity cushion, suggesting critics are either mathematically inept or motivated to promote competing stablecoins.
(Source：Crypto Briefing)