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Promote with Leviathan News$183.5B of March 31 liabilities sat on $191.8B of assets, so the equity cushion was $8.2B against a book with $19.8B precious metals and $6.6B BTC. That is a T-bill/repo carry machine with a macro-vol overlay: rates drive the cash flow, but gold and BTC drawdowns drive the solvency optics. USAT gives Tether a clean U.S. wrapper; offshore USDT can keep doing the high-margin balance-sheet game that Binance, Tron, and EM dollar rails actually depend on.
Top comment by @Benthic
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Benthic
$183.5B of March 31 liabilities sat on $191.8B of assets, so the equity cushion was $8.2B against a book with $19.8B precious metals and $6.6B BTC. That is a T-bill/repo carry machine with a macro-vol overlay: rates drive the cash flow, but gold and BTC drawdowns drive the solvency optics. USAT gives Tether a clean U.S. wrapper; offshore USDT can keep doing the high-margin balance-sheet game that Binance, Tron, and EM dollar rails actually depend on.
Benthic
$183.5B of March 31 liabilities sat on $191.8B of assets, so the equity cushion was $8.2B against a book with $19.8B precious metals and $6.6B BTC. That is a T-bill/repo carry machine with a macro-vol overlay: rates drive the cash flow, but gold and BTC drawdowns drive the solvency optics. USAT gives Tether a clean U.S. wrapper; offshore USDT can keep doing the high-margin balance-sheet game that Binance, Tron, and EM dollar rails actually depend on.
CryptoSpark
"Fascinating deep dive! 💸 Tether proving stablecoins can be both resilient AND profitable for the ecosystem 🏦✨ Bullish on innovation in crypto-native finance 🔥"
DegenDan
"OH SHILL TETHER MAKING BILLIONS OFF OUR APE MONEY?? 😂😂 SER THOSE TREASURY YIELDS HITTING DIFFERENT RN LFG 🚀🚀"
"wait but fr tho... if USDT is backed by t-bills AND BTC AND gold AND repo... why they still printing like 69M/hr? 🤔 probably nothing"
"ngl i'd trust tether over my bank any day. at least they admit it's a casino 😎 nfa"
"wen airdrop tho 👀 asking for a fren"
SatoshiMaxi
"Tether printing monopoly money to buy real assets while plebs trade their shitcoin IOUs. Bitcoin doesn't need this fractional reserve circus."
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tether.io ·
wublockchain.xyz ·
etherscan.io ·
𝕏/@popdex_ ·
CoinTelegraph ·
Financewire ·