X @Wu Blockchain

CoinShares Head of Research James Butterfill pushed back on fresh critiques from Arthur Hayes and S&P Global, arguing market angst over Tether’s solvency is misplaced. Citing Tether’s latest attestation, he said the firm holds roughly $181B in reserves against ~$174.45B in liabilities—implying a surplus near $6.8B—and remains one of the industry’s most profitable companies, generating about $10B in profit over the first three quarters of 2025. https://t.co/bRPh0qb7JO ...