Discussion

• @jacobkinge Jacob King on x

  Tether has paused nearly all Bitcoin purchases for several weeks, and is now the largest buyer of Gold in the world. They know the days of manipulating BTC are coming to an end, and trying to transfer their stolen wealth to an actual store or value before it all blows up. [image]

• @heartereum @heartereum on x

  [image]

• @dgt10011 Jeff Park on x

  Tether is the largest independent holder of gold bullions outside of central banks and doesn't have an ever-expanding budget deficit Call me old school but sounds like AAA credit to me 🤷‍♂️

• @xrpmemeguy @xrpmemeguy on x

  Government says Fort Knox gold may not be all there. Government stops mentioning Fort Knox gold. Bo Hines leaves government to work at tether. Tether suddenly becomes the largest independent holder of gold. Probably nothing [image]

• @silvermanjacob Jacob Silverman on x

  did they though

• @samcallah Sam Callahan on x

  Tether bought more gold last quarter than every central bank. [image]

• @goldseek @goldseek on x

  What happens if Tether starts to pump billions into Silver? ...currently pumping billions into Gold: [image]

• @ryanlcooper.com Ryan Cooper on bluesky

  “Tether's gold buys last quarter accounted for nearly 2 per cent of total gold demand and were equivalent to almost 12 per cent of central bank purchases” www.ft.com/content/37f8...

• @paoloardoino Paolo Ardoino on x

  to S&P regarding your Tether rating: We wear your loathing with pride. The classical rating models built for legacy financial institutions, historically led private and institutional investors to invest their wealth into companies that despite being attributed investment grade

• @defiignas Ignas on x

  Why would you hold USDT instead of USDC? For trading some markets? Sure. Maybe occasional higher yield on lending? But there's no point being a stablecoin maxi: neither USDT nor USDC pass down the yield to holders. No equity exposure to Tether either. You get 100% of the [image]

• @tftc21 @tftc21 on x

  S&P has a history of downgrading #Bitcoin builders, punishing them for embracing the hardest money while ignoring their own epic fails. Just downgraded Tether's USDT stablecoin to a “weak” rating, blaming Bitcoin exposure in reserves for potential volatility risks. Slammed [image…

• @marcinredstone Marcin on x

  S&P has just downgraded Tether's USDT rating from 4 to 5. It's the lowest rating possible. The main reason are persistent gaps in disclosure and high risk assets being held in its reserves. If Tether scores lowest grade and Sky B-, what would be a rating for DeFi as a whole? [ima…

• @occamicrypto @occamicrypto on x

  Tether, “The Stable Company” just saw S&P cut its assessment rating from 4 to 5 - the lowest rating possible - citing persistent gaps in disclosure and high risk assets being held in its reserves. Only in crypto would the bedrock stablecoin of crypto trading be viewed as so [imag…

• @cliffordasness Clifford Asness on x

  The article is bad enough for Tether. But the Tether guy's response at the end is pure Saylor-esque messianic utopian paranoid propaganda without actual semantic content. And nobody mentions that all those “other” assets don't really work under the “GENIUS” act do they? [image]

• @chrispavlovski @chrispavlovski on x

  The S&P only attacks Tether, because Tether is challenging and beating the old financial guard at their own game. These old corporate entities cannot handle companies like Tether & Rumble taking their market share — their only recourse is to attack us because they're losing.

• @paoloardoino Paolo Ardoino on x

  System is broken. They're upset we make it evident

• @colemacro Matt Cole on x

  If you accept the S&P rating of Tether as “weak” then you must also assign a stability rating to traditional banks of “non-existent”. TradFi is mispricing the balance sheet strength of both Bitcoin and stablecoin companies. My advice to TradFi: look in the mirror first.