Arthur Hayes Warns Tether Faces Insolvency Threat if Gold and Bitcoin Holdings Plummet 30%

BitMEX co-founder Arthur Hayes has issued a concerning assessment of Tether (USDT) stability, suggesting that a significant drop in the stablecoin issuer’s gold and Bitcoin holdings could lead to its complete financial collapse. His analysis stems from Tether’s recent reserve breakdown report revealing substantial positions in both precious metals and Bitcoin, with combined holdings exceeding $22.78 billion.