Tether’s balance sheet under fire as Hayes flags solvency risks

Tether, the issuer of the biggest stablecoin, landed under scrutiny after Arthur Hayes suggested that it may be sitting on a balance-sheet time bomb. In an X post, Hayes argued that Tether is effectively making a massive interest-rate bet. He urged that it could turn ugly if gold and Bitcoin retreat from current levels. Bitcoin […] source: https://www.cryptopolitan.com/hayes-tether-flags-solvency-risks/