{"id":66407,"date":"2022-08-29T12:11:26","date_gmt":"2022-08-29T09:11:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66407"},"modified":"2025-09-07T01:09:39","modified_gmt":"2025-09-06T22:09:39","slug":"wsj-tether-would-be-technically-insolvent-if-assets-fell-by-0-3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/wsj-tether-would-be-technically-insolvent-if-assets-fell-by-0-3\/","title":{"rendered":"WSJ: Tether would be ‘technically insolvent’ if assets fell by 0.3%"},"content":{"rendered":"

A 0.3% drop in the value of reserve assets could push the issuer of the stablecoin Tether (USDT) to ‘technical insolvency’. The Wall Street Journal.<\/a><\/p>\n

\n

\u201cI don’t think we pose a systemic risk to the crypto system,\u201d<\/em>, he said.<\/p>\n<\/blockquote>\n

Top management confirmed plans to increase the frequency of audit conclusions \u2014 now they will be published monthly, and not quarterly.<\/p>\n

As reported, on 19 August the fifth-largest auditor in the world, BDO Italia \u043f\u043e\u0434\u0442\u0432\u0435\u0440\u0434\u0438\u043b \u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0435\u043d\u0438\u0435 Tether<\/a>.<\/p>\n

The issuer of USDT confirmed plans<\/a> to reduce the amount of commercial paper to $200 million by the end of August, with full elimination of these assets by the end of the year. In the second quarter, the position fell 58%, to $8.5 billion.<\/p>\n

Earlier, Tether described the idea of hedge funds shorting USDT as ‘categorically erroneous’.<\/p>\n

Before that, in mid-May, the stablecoin deviated from its peg to the US dollar<\/a>, testing the $0.94 level. Subsequently, its price returned to parity.<\/p>\n

Follow ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 0.3% drop in reserve assets could push the issuer of the stablecoin Tether to ‘technical insolvency’. The Wall Street Journal concluded as much.<\/p>\n","protected":false},"author":1,"featured_media":66408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,1245],"class_list":["post-66407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66407"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66407\/revisions"}],"predecessor-version":[{"id":66409,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66407\/revisions\/66409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66408"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}