The post Hayes Flags Risk as Tether’s Gold and Bitcoin Exposure Climbs appeared on BitcoinEthereumNews.com.

TLDR: Hayes warns that a 30 percent drop in Tether’s gold and Bitcoin portfolio could erase reported excess reserves. Tether’s attestation shows $12.9 billion in gold and $9.9 billion in Bitcoin as part of its expanding asset mix. Replies argue that retained earnings and broader group equity provide stronger solvency buffers than snapshots show. Market attention grows as calls for real-time visibility increase among major holders and trading platforms. Tether’s latest attestation has triggered renewed attention after Arthur Hayes warned that its gold and Bitcoin bet could strain reserves. The attestation shows rising exposure to volatile assets as the stablecoin issuer positions for expected rate cuts.  Hayes argued that a sharp drawdown in these holdings could absorb Tether’s reported excess reserves. The comments sparked renewed debate over how the company manages its growing asset mix. Tether Gold and Bitcoin Allocation Sparks Market Focus Tether’s Q3 2025 attestation shows $12.9 billion in gold and $9.9 billion in Bitcoin. These positions grew as the firm responded to what Hayes described as a shift toward lower interest income.  His view is based on the assumption that rate cuts could reduce earnings from Tether’s $135 billion Treasury portfolio. He said this would push the company to rely more on alternative assets. Hayes said the combined gold and Bitcoin allocation equals about 13 percent of reserves.  He calculated that a 30 percent decline could offset the reported $6.8 billion in excess reserves. He said this would put theoretical pressure on the stablecoin’s solvency. His remarks appeared in a social update reviewing the attestation. Replies to the post argued that these assets come from retained earnings. They said Tether generates more than $10 billion in annual profit. They also said the group holds $20–30 billion in equity across related entities. They claimed this creates a larger…

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Filed under: News - @ November 30, 2025 6:12 am