Crypto industry veteran and former BitMEX co-founder Arthur Hayes has issued a stark warning about the stability of Tether, the world’s largest stablecoin. In his latest analysis, Hayes reveals that if Tether’s gold and Bitcoin holdings decline by 30%, this could trigger catastrophic insolvency for the company. This bombshell prediction throws the crypto ecosystem into turmoil. Hayes argues that Tether’s aggressive strategy of increasing its exposure to volatile assets like Bitcoin and gold carries substantial risks. A decline in these asset values, potentially as low as 30%, would completely deplete Tether’s equity buffer, leaving USDT on a razor-thin edge and threatening the entire cryptocurrency market structure.