Tether’s Financial Stability Under Scrutiny from BitMEX Co-Founder

Arthur Hayes, co-founder of BitMEX, has raised concerns about Tether’s financial health by highlighting potential solvency risks stemming from its interest rate trading strategy. In a recent X post, he predicted a 30% drop in Tether’s gold and Bitcoin holdings could lead to the collapse of the stablecoin (USDT). This claim underscores ongoing market uncertainty surrounding the stability of Tether, particularly as it relates to the Federal Reserve’s future interest rate decisions.