Tether FUD is making the rounds again. Worried? Their latest attestation shows a big shift into gold and Bitcoin to offset declining interest income. If those assets dropped 30%, their equity buffer could evaporate, which is where the “Tether is insolvent!” panic kicks in. But I’m not worried. Tether has been through a decade of this and USDT is still at $1.00. Yes, they’re not fully liquid, they operate a fractional-reserve model, much like traditional banks. As long as redemptions stay normal, everything works smoothly. If there is a panic, liquidity stress could hit quickly. USDT isn’t “fully backed by cash.” It’s backed by U.S. Treasuries, yield, and some risk assets, scaled to a $174B stablecoin. If someone wants to kill USDT it's possible but I highly doubt it. You?