6min chapter

Crypto Critics' Corner cover image

A Tether Update

Crypto Critics' Corner

CHAPTER

Tether's Assets Over Liabilities Are Essentially Like One %

Tether has gone from a market cap of roughly 80 billion to 66 billion. Their assets over liabilities are essentially like less than one%. Yet, and yet, they've managed to keep their assets over liabilities almost exactly the same throughout all this. They have equity an celsius, which has now pretty much gone belly. We don't you know if they've loaned a three a c was getting a bunch of loans to them. It seems like it's going to go bankrupt here. You're right. There should bea cost for them rolling these assets,. The commercial paper they've rolled over, which we can see because the duration on the attestation suggests that they are still purchasing new

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