In a twist worthy of an audacious novel, Tether, much like a character in a Boris Pasternak epic, finds itself dancing away from the reassuring embrace of government treasuries and courting the erratic affections of Bitcoin and gold. With a bold flourish, the issuer of USDT reveals its diminishing ties to government bonds, as its newfound devotion to enduring assets-those stalwarts of independence from financial convention-continues to grow.
A Treasury of Dwindling Devotion
Stablecoin titan, Tether, has demonstrated a strategic avoidance of US Treasury bonds, opting instead for the fickle charms of gold and Bitcoin. A soothsayer of the digital era, CryptosRus on X, whispers of Tether’s subtle machinations, anticipating the Federal Reserve’s elusive rate cuts with the precision of a seasoned astrologer.
Arthur Hayes, the visionary behind BitMex, unveils a canvas showing Tether’s departure from the familiar shores of treasuries, venturing instead into the turbulent waters of BTC and gold-an omen that the macrocosmic winds may be shifting. The augury of S&P Global hints at Tether’s daring dalliance with assets prone to fits of passion, suggesting that the USDT might wobble should markets descend into chaos. Meanwhile, Tether’s celestial credit remains but a shadow dancing upon the wall.
In response, Tether’s maestro, Paolo Ardoino, deflects with fervor, proclaiming that no poison lurks within their coffers. His siren song asserts that their meteoric ascent mirrors a grand exodus toward untethered financial vistas, free from the shackles of tradition.
The Futility of Sundering Tether
Crypto seer Ted Pillows muses on the enduring enigma of Tether FUD, as the age-old refrain of skepticism once more bards the stage. Amidst the changing attestations, Tether plots its course through the tempest by embracing gold and Bitcoin to counter the quiet retreat of interest incomes. Yet, should these tempestuous assets sag by thirty percent, Tether’s buffer may vanish like the morning dew, leaving the stage awash with panic.
Nevertheless, Pillows stands unyielding in his conviction. A decade of such fears has not yet dimmed the gleaming equilibrium of USDT. Like stage actors in an ensemble, these coins are as liquid as rivers yet bank on the fractional nuances of traditional reserve systems. The tranquility endures, absent the encroaching shadow of irrational frenzy, which might otherwise herald the curtains’ swift fall.
According to Pillows, USDT draws not from a single wellspring of cash, but a grand chorus comprising US treasuries, yield-bearing assets, and the ever-exciting risk classes. With the scale set by a staggering $174 billion, he jests that while Tether’s demise is conceivable, it is as improbable as a sunless dawn. “One could strangle USDT,” says Ted, “yet here I stand, in disbelief.”
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2025-12-02 06:06