X @Andy

Bullish Aspects of Tether - Tether at $500 billion valuation is incredibly bullish for digital asset valuations [1][3] - Reserve assets are predominantly in U S Treasuries (low risk, high liquidity) + BTC, Gold [1] - Solid profitability is expected from interest + investment returns, with over $10 billion expected from interest income [1] - $USDT circulation and user base are expected to continue growing with chains like Plasma launching, creating strong demand [1] Potential Weaknesses and Risks - Lower rate environment could lead to a loss of multi-billions per year in interest income [2] - Tether is still working on USA regulatory with their new USAT launch, despite affirming working with a Big Four for full audit [2] - Circle is a serious competitor, and other smaller stablecoins, as well as large financial institutions, want a slice of the pie [2] Market Dynamics - Stablecoin supercycle is fully fledged right now, indicating a bullish outlook for crypto [3] - Tether is reportedly raising funds at a $500 billion valuation, looking for $20 billion in funding [3]