Willy Woo: Tether outperformed many banks during bank runs, remaining 95% asset-backed even in extreme circumstances.

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MarsBit
12-01
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According to Mars Finance, crypto analyst Willy Woo released a chart comparing bank runs, showing that Tether (USDT) fully redeemed its assets even during a 20-25% redemption wave, outperforming traditional banks like Silicon Valley Bank (25%) and First Republic Bank (57%). Woo pointed out that 77% of Tether's assets are currently in cash equivalents, with the remainder in gold and Bitcoin, representing a total overcollateralization of 3%. Even if volatile assets plummet by 30% in extreme market conditions, USDT still has 95% asset backing.

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