Tether’s Security

The financial firm Cantor Fitzgerald confirmed the presence of real assets as collateral for Tether Stablecoin. Cantor Fitzgerald is the custodian for Tether’s funds and it should know about the real situation. However, this confirmation was sufficiently blurred. Howard Lutnick, CEO of Cantor Fitzgerald, stated that his company was in fact physically managing Tether’s assets, and that Tether has "money". According to reports, Tether has $86 billion in assets and has released Stablecoins worth $83 billion.

I admit, first, I didn’t really believe in the availability of that amount of free money, but after reviewing Tether’s accounts and drawing attention to some recent events, I thought it was quite possible.

We have a reasonable question: who is the investor who froze $86 billion in accounts? Took and put so much money to support the cryptocurrency. Let’s look at the accounts. So, we have a total of $86.499 billion of assets. Of which $55.81 billion is US Treasury bills.

Now let’s remember some recent events. I remember most of their decisions to cooperate with the regulators. Tether executives have stated that they will now comply with all government requirements, deny service, block wallets, and provide user-specific personal information on demand.  This is the first time that the owners of the project decided to completely change sides to the authorities. 

Why would they do that? In my view, the answer lies in the figures of the financial statements. Over $55,499 billion. US Treasury bills. I think the puzzle is beginning to unfold. There is a cryptocurrency that displaces national currencies from several Latin American countries, follows American policy, and follows all intelligence agency directives. And what do they get for their loyalty? Let us look again at the accounting documentation: $55,499 billion.

You have to admit, it sounds logical: Stablecoin gets its support from the state and its expansion, and Stablecoin gives away actual control.

Interesting theory, isn’t it?

#TetherSecurity #CantorFitzgerald #Stablecoin #CryptocurrencyTransparency #USDTInvestigation