Tether has likely been insolvent for 7 out of 85 (8%) days since its most recent attestation.

Its current self-reported ‘shareholder capital cushion’ - that is, its assets minus its liabilities - is $250,109,110.16, implying an exceedingly high debt-to-equity leverage ratio of 265 : 1. As a point of comparison, in the years immediately leading up to the Great Financial Crisis of 2008, major U.S. investment banks (including Lehman Brothers and Bear Stearns) had debt-to-equity leverage ratios that reached, at their highest levels, just over 30:1.

Assuming nothing else changes, this means that if its assets drop in value by more than 0.38%, Tether becomes insolvent.

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Stock market entryism is a revisionist lie.

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