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USDT in Trouble? | FOMC Aftermath | CryptoTownHall

The Wolf Of All Streets

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Coinbase's Concerns About Tether

There's always this debate about whether we can rely on the attestations still waiting for an audit report. I don't think the SEC right now has the resources to go after Tether, after they're already in battle here with Coinbase, Binance, and of course with Ripple. If you take the attestations at face value, their capital ratio right now is at 3.1% as of end of Q1, 2023. That doesn't sound as if there are confidence issues surrounding this outside of what we've seen today.

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