Even a mountain of T-bills won't save Tether and Circle from a sudden liquidity crisis, expert says
An expert warns that Tether and Circle could face a sudden liquidity crisis despite holding substantial amounts of Treasury bills (T-bills). The article highlights that while T-bills are generally considered safe assets, they may not provide immediate liquidity in times of market stress. Tether's reserves and Circle's USDC stablecoin are scrutinized for their ability to withstand financial turbulence. The expert emphasizes the importance of having readily available cash to meet withdrawal demands, suggesting that reliance on T-bills alone may not be sufficient.
Read the full article: CoinDesk