CoinShares Research Director: Concerns about Tether's solvency are unfounded, as it has a huge surplus

According to Cointelegraph, CoinShares research director James Butterfill stated that concerns about Tether's solvency "seem unfounded." He pointed out that Tether's latest financial report shows reserves of $181 billion, liabilities of about $174.45 billion, and a surplus of nearly $6.8 billion. "Although the risks of stablecoins cannot be ignored, the current data does not indicate systemic vulnerabilities," this week, BitMEX founder Arthur Hayes warned that if the value of Tether's reserve assets declines, the company could face serious difficulties, which has once again raised concerns about the financial stability of the stablecoin issuer Tether.