Crypto analyst Willy Woo sheds light on Tether’s (USDT) exceptional performance during redemption waves in 2022, highlighting its resilience compared to traditional banks. While experiencing approximately a 20-25% redemption rate, Tether successfully fulfilled all payouts, surpassing the struggles faced by institutions such as Silicon Valley Bank, which experienced a 25% redemption rate, and First Republic Bank, which saw a staggering 57% redemption rate. Woo emphasizes that Tether maintains a strong financial footing, holding 77% of its assets in cash equivalents while employing gold and Bitcoin to complete the remaining portfolio. This strategy ensures a total over-collateralization of 3%. Even under extreme market conditions where volatile assets may plummet by 30%, USDT remains fortified with an impressive 95% asset backing.