Tether says it lends only to eligible customers and requires that borrowers post lots of "extremely liquid" collateral, which could be sold for dollars if borrowers default. These loans have appeared for several quarters in the financial reports that Tether shows on its website. In the most recent report, they reached $6.1 billion as of Sept. 30, or 9% of the company's total assets. They were $4.1 billion, or 5% of total assets, at the end of 2021.

Beleaguered crypto exchange FTX’s connection with Tether remains in question as the banks used by both companies are run by the same person. FTX’s Alameda Research invested $11.5 million in Farmington State Bank’s parent FBH, run by Jean Chalopin. Surprisingly, Chalopin is also the chairman of Bahamas-based Deltec Bank, the main bank of Tether.

The Co-Creator of the memecoin Dogecoin – Billy Markus (better known as Shibetoshi Nakamoto) – thinks if either Binance or Tether goes down, this could be “pretty much game over.” The American software engineer also outlined that an increasing number of people have realized that too much centralization is a “big weakness.”

The world’s largest stablecoin issuer, Tether, has ensured that there are no risks from USDT on the Solana network.

The failure of FTX/Alameda is likely to be a watershed moment in the history of the cryptocurrency industry.

While the FTX situation has been unique in many ways, it does not represent a threat of a risk to Tether.

As per the Consolidated Reserves Report (CRR), Tether Group’s total assets as of September 30, 2022, amounted to US$ US$ 68.1 billion, up from US$ 66.4 billion as of June 30, 2022. According to the same report, Tether Group’s consolidated total liabilities amounted to US$ 67.8 billion, up from US$ 66.3 billion as of June 30, 2022. 

Over $12 million in chainlink (LINK) tokens were sold in early Asian hours across two transactions, shortly after reports of a hack at FTX. 

Stablecoin issuer Tether has frozen $46 million of USDT held on the Tron blockchain by failing crypto exchange FTX following a request from law enforcement.

Stablecoin issuer Tether Holdings Limited published its latest quarterly attestation on Nov. 10, highlighting the “extremely liquid” nature of its assets at a time when crypto markets were reeling from news of FTX’s apparent insolvency.