PANews reported on November 30th that BitMEX co-founder Arthur Hayes posted on the X platform regarding the Tether audit report, stating, "The Tether team is in the early stages of large-scale interest rate trading. They believe the Federal Reserve will cut interest rates, which will significantly reduce interest income. To counter this, they are buying gold and Bitcoin, and theoretically, as currency prices fall, the prices of these assets should surge. If their gold and Bitcoin holdings drop by about 30%, their equity will vanish, and USDT will theoretically go bankrupt. I believe some large holders and exchanges will demand to see their balance sheets in real time to assess Tether's solvency risk."