Coin Stories with Natalie Brunell News Block: Is Tether Buying Gold over Bitcoin? USDT vs. S&P, Musk on Bitcoin & Quiet Bank Rule Change
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Dec 1, 2025 Tether is making headlines by buying more gold than every central bank, sparking debate about the stability of USDT following its S&P downgrade. Elon Musk weighs in on Bitcoin's energy utilization, emphasizing its role in creating digital scarcity. Regulators are easing banking rules to heighten demand for treasury securities amid fiscal challenges. Plus, Texas makes history as the first state to purchase Bitcoin for reserves. Innovations in cryptocurrency investment products are also showcased, reflecting growing institutional interest.
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S&P Downgrades Tether Over Reserve Composition
- S&P downgraded Tether's USDT to the lowest stability score citing rising Bitcoin and gold in reserves as added risk.
- Natalie Brunell argues Tether may actually be over-collateralized once corporate equity and profits are considered.
Reserve Adequacy Depends On Corporate Equity
- Tether's corporate equity and profitable business lines may substantially alter how its reserve adequacy is judged.
- Natalie Brunell argues rating agencies might be mispricing Bitcoin risk and corporate balance-sheet buffers.
Tether's Gold Buying Is Treasury Diversification
- Tether is buying large amounts of gold but still holds over 87,000 BTC and allocates profits to buy Bitcoin.
- Natalie frames this as corporate treasury diversification, not a switch from Bitcoin to gold.