- Tether executive Bo Hines said the company has been aggressively buying hard assets.
- That has left it well-positioned to weather crypto’s recent downturn, he added.
- But one credit rating agency has a different view of Tether’s decision to load up on gold and Bitcoin.
As crypto prices crashed last week, with Bitcoin racing to a 16-month low, one Tether executive said the company was well-positioned to weather the storm.
“Even in a torturous market like today, we’re probably the crypto company that’s sweating the least,” Bo Hines, CEO of Tether subsidiary USAT, said at the Digital Assets at Duke conference on February 5.
The reason? Hard assets.
“We’re quite diversified in terms of our investments,” Hines said. “Tether…
