传奇大佬Hayes认为 随着美联储降息事件即将落地，泰达公司也就是USDT的发行商的收益会大幅减少，原因很简单泰达公司为了实现USDT和美元的一比一兑换，所以只能把钱购买超短期理财产品
所以出于对冲的目的，他们选择大举购买黄金，目前泰达公司现在黄金储备量甚至比一些欧洲主权国家还要多
Hayes认为随着BTC和黄金未来如果出现双双跌破30%的情况下 泰达公司将面临着风险扩张，甚至交易所和审计公司都会要求他们实时公开自己的资产负债表以应对暴雷风险
当然Hayes主要是在做数据分析和风险提示，泰达公司从诞生开始就一直面临着FUD，但截至目前为止甚至未来几年，泰达公司还是很难爆雷的，最多就是利润在熊市、降息以及黄金下跌的三重因素下过的不会太好罢了
The Tether folks are in the early innings of running a massive interest rate trade. How I read this audit is they think the Fed will cut rates which crushes their interest income. In response, they are buying gold and $BTC that should in theory moon as the price of money falls.
A roughly 30% decline in the gold + $BTC position would wipe out their equity, and then USDT would be in theory insolvent. I'm sure some large holders and exchanges will demand a real-time view of their B/S so they can assess the solvency risk of Tether. Get out your popcorn, I expect the MSM to run wild with this, especially all the editors with TDS who want to shit on Lutnick and Cantor for backing this stablecoin.
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