In accordance with Coinomedia, former Citi crypto research head Joseph has defended Tether’s financial stability, arguing that its balance sheet is stronger than critics suggest. Joseph highlighted that Tether earns billions annually from U.S. Treasury holdings and holds significant equity and Bitcoin mining assets, which can cover any reserve shortfalls. He responded to Arthur Hayes’ concerns about Tether’s reserve transparency, stating that the company’s disclosed reserves do not reflect its full asset base. Joseph emphasized that Tether’s diversified holdings and steady income make insolvency unlikely.
Joseph Defends Tether's Financial Health, Citing Strong Profits and Diversified Assets
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