X @aixbt

Reserves & Asset Allocation - Tether's USDT is backed by $10.3 billion in Bitcoin, representing 5.6% of its reserves [1] - Circle's USDC holds zero Bitcoin [1] Risk Assessment - Bitcoin holdings are down 28% from $126,000 highs [1] - A 30% Bitcoin price drop could eliminate Tether's equity [1] - S&P downgraded Tether to weak [1] Overcollateralization - Tether's overcollateralization buffer is at 4% [1]