Union Investment Executive Warns USDT and USDC Face Liquidity Crisis Risk

Union Investment's Christoph Hock said Tether and Circle stablecoins face liquidity-crisis risk and cited USDC's past 13% depegging as evidence of structural weakness. Hock said Tether's gold and Bitcoin reserves make USDT look more like a hedge fund than a fiat peg for overnight settlement. He added that Tether's gold holdings were estimated at 148 tonnes worth roughly $23 billion as of January 2026.
USDC0.01%
BTC-2.46%
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