Tether has about $4.8B in exposure to US stock markets
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Latest Tether loses $6.6B in market cap as banks bet $270M on Project Faro in
Liquidity in the stablecoin space has contracted rapidly, reducing one of the most significant sources of buying power from crypto markets. Over the last 60 days ending on the 7th of November, according to CryptoQuant, Tether [USDT] saw its market capitalization drop by $6.6 billion. This represents the largest such contraction since CryptoQuant began tracking this
The review of regulatory submissions cited by Protos estimates that Tether has USD $4,804 million linked to 13 companies listed in the US, with shares ranging from Rumble and a BTC treasury firm to gold, mining and satellite royalties.
Protos
BITRSSTether has about $4.8B in exposure to US stock markets
Tether, the world’s largest stablecoin issuer, holds about $4.8 billion of exposure to the US stock markets through 13 US-listed companies. These entanglements include a controversial video-streaming platform that platforms right-wing influencers, royalties from gold mines, satellites, and a BTC treasury play. Protos has reviewed regulatory filings in the US to better understand Tether’s links to these public markets. Map showing Tether’s connec…
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