Arthur Hayes Raises Concerns Over Tether’s Reserve Management, Threatening Stability

Crypto industry veteran Arthur Hayes recently criticized Tether’s asset strategy in a Twitter post, sparking concerns about the stability of the popular stablecoin, USDT. Hayes, formerly CEO of BitMEX, highlighted the potential risks associated with Tether’s increasing reliance on volatile assets like Bitcoin and gold, arguing that a significant drop in their value could significantly impact Tether’s solvency. 💰 📉