WTF retweeted
Confirmed, from the horse's mouth. Tether is not fully backed by cash and cash equivalents. Tether has an asset-liability mismatch (i.e. liquidity concerns) and is possibly insolvent as well (i.e. liabilities > assets).
coindesk.com/tether-lawyer-c…
WTF retweeted
Per VanEck's Gabor Gurbacs, the filing "has been temporarily withdrawn."
"We are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general," he said. ow.ly/KGSF30nqur6