PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing. PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing.
Willy Woo: Tether outperformed many banks during bank runs, remaining 95% asset-backed even in extreme circumstances.
PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade
BitcoinWorld Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade Attention Polygon users on Bithumb: The South Korean exchange has announced a temporary halt for POL token transactions. Starting December 9th, you cannot deposit or withdraw POL. This Bithumb POL suspension supports a vital network upgrade. But what does this mean for your assets, and how should you prepare? Let’s break it down. Why is […] This post Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade first appeared on BitcoinWorld.
Share
bitcoinworld2025/12/05 11:25
Fed Acts on Economic Signals with Rate Cut
In a significant pivot, the Federal Reserve reduced its benchmark interest rate following a prolonged ten-month hiatus. This decision, reflecting a strategic response to the current economic climate, has captured attention across financial sectors, with both market participants and policymakers keenly evaluating its potential impact.Continue Reading:Fed Acts on Economic Signals with Rate Cut
Share
Coinstats2025/09/18 02:28
What The CHESS, DF, GHST Hold-Up Means For You
The post What The CHESS, DF, GHST Hold-Up Means For You appeared on BitcoinEthereumNews.com. Binance Suspends Deposits: What The CHESS, DF, GHST Hold-Up Means For You Skip to content Home Crypto News Binance Suspends Deposits: What the CHESS, DF, GHST Hold-Up Means for You Source: https://bitcoinworld.co.in/binance-suspends-deposits-chess-df-ghst/
Share
BitcoinEthereumNews2025/12/05 11:24