FUD about USDT Tether CEO Paolo Ardoino: "Some influencers (Arthur Hayes) either have poor math skills or impure motives." Regarding the FUD about USDT, I believe that Tether is indeed not suitable for using gold or Bitcoin as collateral; instead, it is more reasonable to hoard profits and capital reserves (3 billion USD). But Tether has sufficient equity and strong self-sustaining capabilities! USDT is very stable. Look at Paolo Ardoino's response, stating that as of the third quarter of 2025, Tether has about 7 billion USD in excess equity (beyond the approximately 184.5 billion USD in stablecoin reserves), as well as an additional approximately 23 billion USD in retained earnings, which together constitute Tether Group's own equity. Total assets of Tether Group: approximately 215 billion USD; stablecoin liabilities: approximately 184.5 billion USD; S&P also made the same mistake by not accounting for these additional group equities and not considering the approximately 500 million USD in base profits that can be generated monthly solely from U.S. Treasury yields.