Wow, seeing this news, I'm a bit stunned! Does USDT actually hold so much Bitcoin and gold in its reserve assets? And some people say that if the prices of these assets drop significantly, it could affect USDT's ability to fulfill its obligations? I always thought that stablecoins' reserves were assets like USD or other "stable" assets. But I still don't quite understand why Tether would hold so many high-risk assets. Is it to make more money? How does everyone view this risk? I hope someone knowledgeable can explain it to me. It feels pretty important for us regular users.
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Wow, seeing this news, I'm a bit stunned! Does USDT actually hold so much Bitcoin and gold in its reserve assets? And some people say that if the prices of these assets drop significantly, it could affect USDT's ability to fulfill its obligations? I always thought that stablecoins' reserves were assets like USD or other "stable" assets. But I still don't quite understand why Tether would hold so many high-risk assets. Is it to make more money? How does everyone view this risk? I hope someone knowledgeable can explain it to me. It feels pretty important for us regular users.