Arthur Hayes: Tether's "Gold + BTC" investment portfolio falls 30%, which may cause USDT imbalance.

According to a report from 深潮 TechFlow on November 30, Arthur Hayes, co-founder of BitMEX, stated on the X platform: “Tether is engaged in a massive 'interest rate trade', and it has only just begun. From this audit report, it is clear that they are betting that the Fed will cut interest rates — and once the rates are cut, their current interest income will be significantly compressed. In response, they have started buying gold and Bitcoin, which theoretically should see a big pump when 'currency prices drop' (interest rates fall). However, if the gold + BTC combo drops by about 30%, Tether's equity will be completely wiped out, and theoretically USDT will become insolvent. I am certain that some Large Investors and exchanges will demand Tether provide real-time balance sheets to assess its solvency risk. Get ready for popcorn, I expect mainstream media to go wild reporting on this — especially those editors suffering from 'TDS' (Trump Derangement Syndrome) who have been keen to target Lutnick and Cantor because they support this stablecoin.”