CoinShares head of research James Butterfill has dismissed insolvency fears around Tether following warnings from BitMEX founder Arthur Hayes. Despite concerns over Tether's exposure to Bitcoin and gold, recent data shows the stablecoin issuer maintains over $181 billion in reserves exceeding its liabilities by nearly $7 billion. Tether CEO Paolo Ardoino reaffirmed the company’s strong financial position, highlighting substantial assets and equity buffers, major holdings in low-risk U.S. Treasuries, and significant earnings from Treasury yields. Industry experts have criticized Hayes's analysis as misleading, emphasizing Tether’s robust capital structure akin to banking models designed to withstand stress. As regulatory challenges and market volatility persist, Tether continues to expand its financial services beyond stablecoins, including substantial commodity trade lending, underscoring its growing footprint in the crypto ecosystem.
Continue to read CoinShares Refutes Tether Collapse Speculations Amid Market Uncertainty
CoinShares head of research James Butterfill has dismissed insolvency fears around Tether following warnings from BitMEX founder Arthur Hayes. Despite concerns over Tether's exposure to Bitcoin and gold, recent data shows the stablecoin issuer maintains over $181 billion in reserves exceeding its liabilities by nearly $7 billion. Tether CEO Paolo Ardoino reaffirmed the company’s strong financial position, highlighting substantial assets and equity buffers, major holdings in low-risk U.S. Treasuries, and significant earnings from Treasury yields. Industry experts have criticized Hayes's analysis as misleading, emphasizing Tether’s robust capital structure akin to banking models designed to withstand stress. As regulatory challenges and market volatility persist, Tether continues to expand its financial services beyond stablecoins, including substantial commodity trade lending, underscoring its growing footprint in the crypto ecosystem.
Continue to read CoinShares Refutes Tether Collapse Speculations Amid Market Uncertainty
Yorumlar
Yorum Gönder