Tether CEO Paolo Ardoino has suggested that S&P may be targeting the company, potentially to support its competitors. In a recent post, Ardoino highlighted that Tether's holdings of US Treasury bonds generate approximately $500 million in monthly income. According to Tether's latest third-quarter report, the company holds total assets of around $215 billion, with stablecoin liabilities at approximately $184.5 billion, supported by billions in excess reserve buffers.