Tether’s latest Q3 2025 attestation reveals the stablecoin giant now holds approximately $22.8 billion in gold and Bitcoin, a diversification strategy that BitMEX founder Arthur Hayes warns could trigger USDT’s collapse. CEO Paolo Ardoino announced the company maintains “a multi-billion-dollar excess reserve buffer and an overall proprietary Group equity approaching $30 billion,” but Hayes argues this diversification masks dangerous exposure to volatile assets. Hayes contends Tether is positioning for Fed ...

Tether's Bitcoin reserves, USDT, Tether's USDT, Tether. Photo by BeInCrypto BitMEX co-founder Arthur Hayes has warned that Tether risks balance-sheet insolvency if its Bitcoin and gold reserves suffer a 30% drawdown. His November 30 post targets the structural vulnerabilities in Tether’s latest asset allocation. He suggests the firm has tied its solvency to the performance of volatile risk assets rather than relying solely on the stability of government debt. Hayes Critique Tether's Gold and Stablecoin H ...

And let's go inside out on circle ahead of earnings reports. Joining us now is Vladislav Ginsburg, founder and CEO of One Source. So what are your expectations for this report card.Good morning to you. >> Good morning. Thanks for having me, Sam.Uh I have expectations all over the map. Uh we have Circle, which is at this point in its life uh really a treasury money market type of trade. uh they have 76 billion USDC out in circulation which must be backed by US short-term treasuries or cash equivalents.So the ...