USDT Tether Reserves Breakdown: Red Flags with Bitcoin Backing? | Q1 2023
Souvlaki breaks down the Tether report, issued by BDO, that breaks down the reserves that back one of the world's largest stablecoins, USDT. This analysis of USDT Tether's Reserve report examines the liabilities and assets backing the US debt tokens, with a specific focus on US Treasury bonds, precious metals, and notably, Bitcoin. The analysis also explores the implications of these assets, changes in their values over Q1 2023 versus Q4 2022, and the significance of these changes in the banking environment.
What are your thoughts on the report?
Read the USDT Tether Report 👉 https://tether.to/en/transparency/#reports
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⏲ Time Stamps ⏲
0:00 - Intro
0:48 - Tether's CRR Balance
1:37 - What Backs USDT?
3:42 - Key Points
4:33 - What does this all mean?
6:28 - Souvlaki's Comments on the Attestation Report
7:25 - Outro
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📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#ReveloIntel #Souvlaki #USDT #Tether $USDT
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