Tether is on the Brink of Insolvency, Balance Sheet In A Pathetic Condition: Wall Street Journal

The post Tether is on the Brink of Insolvency, Balance Sheet In A Pathetic Condition: Wall Street Journal appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide […]

The post Tether is on the Brink of Insolvency, Balance Sheet In A Pathetic Condition: Wall Street Journal appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Two weeks ago, Tether made headlines about the improvement in its market capitalization and the fact that it managed to reverse a three-month downtrend. However, Wall Street Journal’s (WSJ) recent article has claimed that Tether’s balance sheet is in such a meek position that even a 0.3% drop in the value of its reserve assets …