Willy Woo: Tether outperforms many banks during bank runs, with 95% asset backing even in extreme scenarios

According to ChainCatcher, crypto analyst Willy Woo released a bank run comparison chart, showing that Tether (USDT) was able to fully redeem during a redemption wave of about 20–25%, outperforming traditional banks such as Silicon Valley Bank (25%) and First Republic Bank (57%).

Woo pointed out that currently 77% of Tether's assets are cash equivalents, with the remainder in gold and bitcoin, and a total over-collateralization of 3%. Even if the volatile assets were to plunge 30% in extreme market conditions, USDT would still be backed by 95% of its assets.