🚨 COINSHARES BACKS TETHER’S BALANCE SHEET
CoinShares just released a report showing that Tether is not only fully backed it actually has a surplus.
→ Assets: $181B
→ Liabilities: $174.45B
→ Surplus: $6.8B
This directly challenges recent fears after Arthur Hayes said that a 30% drop in BTC and gold could make USDT “insolvent.”
CoinShares says the numbers don’t support that claim.
For now, Tether looks stronger than people expected.
