Tether’s Financial Strength Under Fire as Analyst Challenges Hayes’ Assessment

A dispute over Tether’s financial strength is escalating after Arthur Hayes, co-founder of BitMEX, warned that the stablecoin issuer’s reliance on Bitcoin and gold could expose it to significant losses. However, a former Citi bank analyst counters Hayes’ assessment, suggesting Tether possesses significantly greater reserves than publicly disclosed. The disagreement centers on how much buffer Tether holds against market shocks.