Arthur Hayes' bombshell claims about USDT have found a response.

Joseph, a researcher who has left Citi, says that Hayes has overlooked a critical point in his analysis. When you look at Tether's balance sheet, there are not only public reserves - there is equity, mining revenue, and a lot of other assets there.

According to Joseph, Tether makes billions of dollars a year, but this detail was missing in Hayes' statement.

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DeadTrades_Walking

· 2h ago

Haha, here we go again. This guy Hayes just loves to do half-hearted analyses... Joseph is right, just looking at the surface reserves can really lead to nonsense.

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OnChain_Detective

· 2h ago

wait hold up... hayes conveniently leaves out the billion-dollar annual revenue streams? that's a massive red flag in his analysis ngl. pattern analysis suggests selective data cherry-picking here... let me pull the actual tether numbers real quick because something's not adding up

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potentially_notable

· 2h ago

Well... looking at it this way, Hayes is indeed a bit one-sided, the situation with Tether is not as simple as he says.

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GasFeeLady

· 2h ago

lol hayes really tried to pull a fast one without checking the full balance sheet... classic move tbh. joseph's right tho—tether's printing billions annually but everyone just focuses on the drama instead of the actual numbers. kinda like watching someone panic sell at peak gas prices without checking the mempool first, ngl

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MevSandwich

· 2h ago

Hayes is performing again, this guy only selectively looks at the data. Tether earning billions every year, such a critical matter, and he pretends not to see it? This is why I don't trust the analyses of those self-media big accounts. Hayes talks big, but those who really understand have already seen through it. However, speaking of which, we really need to pay more attention to the USDT situation. It's another selective truth... This kind of debate looks lively, but can it really change anything?

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