X @Wu Blockchain

Former Citi crypto research lead Joseph responded to Arthur Hayes’ Tether critique, arguing that Tether’s disclosed reserves don’t represent its full corporate balance sheet and that the company also holds significant equity, mining operations, and other assets. He said Tether is highly profitable, earning billions annually from its Treasury holdings and could sell equity to cover any reserve gaps, making insolvency unlikely. https://t.co/xEWRXILGpo ...