Odaily News Regarding Arthur Hayes' questions about USDT operations, former Citibank encryption research head Joseph stated on the X platform that @CryptoHayes' analysis missed several key points: 1. Disclosure of assets ≠ all corporate assets. USDT adopts the “matching principle” to disclose reserves, but its undisclosed balance sheet includes equity investment income, mining business, corporate reserves, and potential Bitcoin holdings, with remaining profits distributed to shareholders in the form of dividends. 2. Ultra-high profit margins and equity value. Tether holds $120 billion in U.S. Treasury bonds (annualized 4% yield), with a projected annual net profit of about $10 billion starting in 2023 (with only 150 employees), making it the world's most efficient money printer; equity valuation may reach $50-100 billion (recently proposed to raise $20 billion for a 3% equity stake, with a high valuation but strong fundamentals). 3. Comparison of bank-level reserves. Traditional banks maintain only 5-15% liquid assets, while USDT's collateralization rate is obviously higher. The key difference: banks have support from central banks as lenders of last resort, while USDT relies on its own asset liquidity. Conclusion: Tether not only will not face a liquidity crisis, but instead controls the most powerful profit engine in the encryption world. Subsequently, Tether CEO Paolo Ardoino expressed his gratitude for the support in the comments section.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Blockchain payment company Utexo completes $7.5 million seed funding round, led by Tether and others
Utexo announces the completion of a $7.5 million seed round funding, led and participated in by multiple institutions. The company integrates Bitcoin, the Lightning Network, and the RGB protocol to provide payment operators with a single API access, enabling real-time USDT settlement, with features such as predictable transaction fees and fast settlement.
GateNews2h ago
Tether Backs Eight Sleep in $1.5B Health Tech Deal
Tether Investments invested in Eight Sleep to build AI-powered health intelligence tools using sleep and recovery data insights.
Eight Sleep will integrate Tether’s QVAC edge AI architecture to process sleep and health data directly on devices.
Tether Investments expands into health
CryptoFrontNews3h ago
USDC tops Tether as stablecoin transfers hit all-time high $1.8T
Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a
CryptoBreaking5h ago
Bitcoin Payments Expand as Utexo Secures $7.5M From Tether
Utexo has secured $7.5 million to enable direct USDT settlements on the Bitcoin network, reducing reliance on bridges and enhancing payment efficiency. Tether's investment signals strong market potential for Bitcoin as a stablecoin payment platform.
Coinfomania9h ago
Rumble latest financial report: holds 210.82 BTC, Tether commits $150 million for GPU service procurement
Rumble disclosed in its latest financial report that it holds 210.82 Bitcoins and $237.9 million in cash, with liquidity reaching $256.4 million. Tether will pay it $100 million in advertising fees and provide up to $150 million in GPU service procurement commitments to strengthen AI infrastructure collaboration.
GateNews12h ago
