Accurately accounting for Tether’s reserves is a challenge, even (or perhaps especially) for Tether itself. Twitter user Jay Pinho recently published a website that attempts to track the value of the assets backing Tether to gain some insight into their solvency. It also allows you to tweak the composition to see how that affects the performance.

However, due to Tether’s commitment to remaining as opaque as possible, accurately making this assessment can really only be done by someone with full access to its books.

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