News for hackers. Stuff that matters.
Re:Tether Says Stablecoin Is Only Backed 74% by Cash, Securi... by gpresot on Wednesday May 01, 2019 @05:47AM (#19795721)
Cash-like (or cash-equivalent) securities is a common expression in accounting and indicates highly liquid securities that can be liquidated in short term (less than 3 months usually). "These securities have a low-risk, low-return profile and include U.S. government Treasury bills, bank certificates of deposit, bankers' acceptances, corporate commercial paper and other money market instruments" (from Investopedia).
Re:Tether Says Stablecoin Is Only Backed 74% by Cash, Securi... by village-idiot on Wednesday May 01, 2019 @08:08AM (#19796325)
I know, I just think they would lie about it. It’s not like they have had any qualms about lying continually.