@mariaaz

CoinShares Head of Research James Butterfill countered recent criticisms from Arthur Hayes and S&P Global, saying concerns about Tether’s solvency are overstated. Pointing to Tether’s latest attestation, he noted the company holds about $181 billion in reserves versus roughly $174.45 billion in liabilities, leaving an estimated surplus of around $6.8 billion. He also highlighted that Tether remains among the most profitable firms in the sector, earning roughly $10 billion in profit during the first three quarters of 2025.💓🎉

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