PANews reported on December 6th, citing Cointelegraph, that James Butterfill, Head of Research at CoinShares, stated that concerns about Tether's solvency "appear unfounded." He pointed out that Tether's latest financial report shows reserves of $181 billion, liabilities of approximately $174.45 billion, and a surplus of nearly $6.8 billion. "While the risks of stablecoins cannot be ignored, current data does not indicate systemic vulnerability," he said. This week, BitMEX founder Arthur Hayes warned that the company could face serious trouble if the value of Tether's reserve assets falls, reigniting concerns about the financial stability of stablecoin issuer Tether.PANews reported on December 6th, citing Cointelegraph, that James Butterfill, Head of Research at CoinShares, stated that concerns about Tether's solvency "appear unfounded." He pointed out that Tether's latest financial report shows reserves of $181 billion, liabilities of approximately $174.45 billion, and a surplus of nearly $6.8 billion. "While the risks of stablecoins cannot be ignored, current data does not indicate systemic vulnerability," he said. This week, BitMEX founder Arthur Hayes warned that the company could face serious trouble if the value of Tether's reserve assets falls, reigniting concerns about the financial stability of stablecoin issuer Tether.
CoinShares Research Head: Concerns about Tether's solvency are unfounded; it has huge surpluses.
PANews reported on December 6th, citing Cointelegraph, that James Butterfill, Head of Research at CoinShares, stated that concerns about Tether's solvency "appear unfounded." He pointed out that Tether's latest financial report shows reserves of $181 billion, liabilities of approximately $174.45 billion, and a surplus of nearly $6.8 billion. "While the risks of stablecoins cannot be ignored, current data does not indicate systemic vulnerability," he said.
This week, BitMEX founder Arthur Hayes warned that the company could face serious trouble if the value of Tether's reserve assets falls, reigniting concerns about the financial stability of stablecoin issuer Tether.
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