PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing. PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing.
Willy Woo: Tether outperformed many banks during bank runs, remaining 95% asset-backed even in extreme circumstances.
PANews reported on December 1st that crypto analyst Willy Woo released a chart comparing bank runs to Tether (USDT). Despite experiencing a 20-25% redemption wave in 2022, Tether still managed to fully redeem its assets, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade
BitcoinWorld Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade Attention Polygon users on Bithumb: The South Korean exchange has announced a temporary halt for POL token transactions. Starting December 9th, you cannot deposit or withdraw POL. This Bithumb POL suspension supports a vital network upgrade. But what does this mean for your assets, and how should you prepare? Let’s break it down. Why is […] This post Essential Guide: Bithumb’s POL Suspension for Crucial Network Upgrade first appeared on BitcoinWorld.
Share
bitcoinworld2025/12/05 11:25
What The CHESS, DF, GHST Hold-Up Means For You
The post What The CHESS, DF, GHST Hold-Up Means For You appeared on BitcoinEthereumNews.com. Binance Suspends Deposits: What The CHESS, DF, GHST Hold-Up Means For You Skip to content Home Crypto News Binance Suspends Deposits: What the CHESS, DF, GHST Hold-Up Means for You Source: https://bitcoinworld.co.in/binance-suspends-deposits-chess-df-ghst/
Share
BitcoinEthereumNews2025/12/05 11:24
![QQQ short term cycle nearing end; pullback likely to attract buyers [Video]](https://i0.wp.com/editorial.fxsstatic.com/images/i/Equity-Index_Nasdaq-2_Medium.jpg)
QQQ short term cycle nearing end; pullback likely to attract buyers [Video]
The post QQQ short term cycle nearing end; pullback likely to attract buyers [Video] appeared on BitcoinEthereumNews.com. The short-term Elliott Wave outlook for the Nasdaq 100 ETF (QQQ) indicates that the cycle from the April 2025 low remains active. Wave (4) of the ongoing impulse concluded at 580.27, and the ETF has since resumed its upward trajectory. To confirm continuation, price must break above the prior wave (3) peak recorded on 30 October at 638.41. The rally from the 21 November wave (4) low has matured and is expected to complete soon, reflecting the natural rhythm of the Elliott Wave sequence. The advance from wave (4) has unfolded as a five-wave impulse. Within this structure, wave ((i)) ended at 586.25, followed by a corrective pullback in wave ((ii)) that terminated at 580.36. From there, the ETF nested higher. Wave (i) of the next sequence ended at 596.98, while wave (ii) pulled back to 589.44. Momentum carried wave (iii) to 606.76, before wave (iv) corrected to 597.32. The final leg, wave (v), reached 619.51, completing wave ((iii)) at a higher degree. A subsequent pullback in wave ((iv)) ended at 612.13. Looking ahead, wave ((v)) of 1 is expected to finish soon. Afterward, a corrective wave 2 should unfold, addressing the cycle from the 21 November low before the ETF resumes higher. In the near term, as long as the pivot at 580.27 remains intact, dips are anticipated to find support in a 3, 7, or 11 swing sequence, reinforcing prospects for further upside. Nasdaq 100 ETF (QQQ) 30-minute Elliott Wave chart from 12.5.2025 Nasdaq 100 ETF Elliott Wave [Video] Source: https://www.fxstreet.com/news/qqq-short-term-cycle-nearing-end-pullback-likely-to-attract-buyers-video-202512050323
Share
BitcoinEthereumNews2025/12/05 11:40