> Tether has indeed misrepresented its balance sheet at times, but the reality is it's a highly over-capitalized bank -- whereas most banks have liquidity ratios of ~10% (less than that pre-2008) no one is questioning tether is >50%.
Tether has an capital ratio of about 0.36%. Banks have a minimum capital ratio of about 3% (both of these are looking only at cash/cash-equivalent, not full risk-adjusted capital ratio).
Tether has an capital ratio of about 0.36%. Banks have a minimum capital ratio of about 3% (both of these are looking only at cash/cash-equivalent, not full risk-adjusted capital ratio).
(Cite: https://www.bloomberg.com/opinion/articles/2021-06-16/don-t-...).