According to an analysis based on the Basel capital framework, Tether basically meets the minimum regulatory requirements under the baseline assumption, but still needs an additional approximately $4.5 billion in capital compared to large banks. If a stringent approach to handling Bitcoin is adopted, the capital shortfall could range from $12.5 billion to $25 billion.
(Previous context: $30 billion stablecoin defense battle: Tether CEO attacks Wall Street rating agencies and Arthur Hayes)
(Background supplement: Arthur Hayes: If Tether's Bitcoin and gold drop by 30%, USDT will be insolvent)
If an even stricter, fully punitive
$BTC approach is adopted, the capital shortfall could range from $12.5 billion to $25 billion.
When I graduated from college and applied for my first management consulting job, I did what many ambitious but timid male graduates often do: