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JUST IN : 💰🚨🚨 Arthur Hayes noted that the latest audit suggests Tether is effectively betting on imminent Fed rate cuts, which would erode its interest income. In response, Tether has increased its holdings of gold and #Bitcoin to hedge against a “falling price of money.”



Hayes said a roughly 30% drop in this gold, BTC portfolio would wipe out Tether’s equity, putting $USDT theoretically at risk of insolvency. $BTC

#crypto
BTC-7.04%
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