Analysis: $7.6B of Tether has been withdrawn since Thursday, nearly twice its cash reserves at the end of 2021; Tether also holds $60B+ in “cash-like” assets (Alex Hern/The Guardian)

Alex Hern / The Guardian:
Analysis: $7.6B of Tether has been withdrawn since Thursday, nearly twice its cash reserves at the end of 2021; Tether also holds $60B+ in “cash-like” assets  —  Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch