BitMEX co-founder: The Tether team is in the early stages of a large-scale interest rate transaction.

Odaily Planet Daily reports that BitMEX co-founder Arthur Hayes posted on social media that the Tether team is in the early stages of a large-scale interest rate trade. My interpretation of this audit report is that they believe the Federal Reserve will implement interest rate cuts, which will severely erode their interest income. In response, they are buying gold and Bitcoin; theoretically, when the cost of funding decreases, the prices of these assets should rise significantly.

If gold and Bitcoin holdings were to experience a drop of approximately 30%, USDT would be depleted of its equity, theoretically rendering it insolvent. I believe some large holders and exchanges will demand real-time access to its balance sheet (B/S) to assess Tether's solvency risk. Prepare your popcorn; I anticipate the mainstream media (MSM) will make a big deal out of this, especially editors suffering from "Trump aversion syndrome" (TDS)—they are already resentful of Lutnick and Cantor's support for the stablecoin, and this will be their opportunity to launch an attack.