I have no idea what Tether reserves are. I do know they are positioned like no one else because they have tethered dollars, tethered gold, and #Bitcoin.
Here's why:
@Saylor only has highly leveraged BTC, @CryptoHayes only has BTC and shitcoins (not gold), @CorySwan has BTC lightly levdraged. @jackmallers picked the right horse.
Next move: TBTC or tethered bitcoin.
In that world, “TBTC” behaves like:
Short-term claims on Bitcoin,
self-liquidating through production,
issued only to those creating real goods.
That is sound fiduciary money. Beats LN and Fedmint
Solves scalabity.
“There IS a place for a ‘tethered Bitcoin’ — but not as a custodial wrapper. Think Harwood: self-liquidating 30–180 day BTC paper backed by production.
"That’s sound fiduciary money.
But it only works if Bitcoin’s base layer stays invariant.
Core 30 broke the part TBTC would depend on.”
We must fix BTC to move forward.
Hope to meet you someday @Paoloardonlo Love your work.
re: Tether FUD
From latest attestation announcement (Q3 2025):
"Tether will continue to maintain a multi-billion-dollar excess reserve buffer and an overall proprietary Group equity approaching $30 billion."
Tether had (at end of Q3 2025) ~7B in excess equity (on top of the ~184.5B stablecoin reserves) + another ~23B in retained earnings as part of our Tether Group equity.
Tether Group total assets: ~215B
Stablecoin liabilities: ~184.5B
S&P made the same mistake of not considering the additional Group Equity nor the ~500M in monthly base profits generated by U.S Treasury yields alone.
Some influencers are either bad at math or have the incentive to push our competitors.
Forever trusting who we are
No, nothing else matters
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