Tether is facing FUD.
The story revolves around the community – and also Arthur Hayes, co-founder of BitMEX – claiming that Tether is accumulating too many risky assets like gold and BTC, as if they are "betting" on the scenario of the Fed lowering interest rates soon.
However, looking at the data, it is true that the amount of gold and BTC Tether holds is quite large, but in total it only accounts for about 10% of their market capitalization. It is not to the extent of losing control as the FUD is spreading.
The story revolves around the community – and also Arthur Hayes, co-founder of BitMEX – claiming that Tether is accumulating too many risky assets like gold and BTC, as if they are "betting" on the scenario of the Fed lowering interest rates soon.
However, looking at the data, it is true that the amount of gold and BTC Tether holds is quite large, but in total it only accounts for about 10% of their market capitalization. It is not to the extent of losing control as the FUD is spreading.