According to CoinMeta, as reported by Zerohedge, Tether CEO Paolo Ardoino revealed during a speech in Lugano on Plan ₿ Forum that they possess approximately 150,000 Bitcoin coins, have over 730 million users globally, and see about 30 million new wallets added each quarter. According to the third-quarter reserve verification report from Tether, they directly hold around $122.8 billion in U.S. Treasury bonds, which amounts to about $132.4 billion when including repurchase agreements, representing an excess reserve of $7.95 billion. In addition, Ardoino introduced the Tether's Independence Stack strategy, which plans to build an infrastructure system covering energy, Bitcoin mining, peer-to-peer communication, self-hosted wallets, and local AI. He stated that even if Tether no longer exists in the future, its open-source technology should still be able to continue operating.