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A comment on The trillion-dollar lawsuit against Tether. Parent comment

Re:The trillion-dollar lawsuit against Tether by conception on Monday November 04, 2019 @02:07PM (#21445187)
Tether's market cap is $4,132,688,008 USD. That means that the folks running tether need to have 4B in reserves. That is... unlikely.
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Re:The trillion-dollar lawsuit against Tether by papln on Monday November 04, 2019 @03:58PM (#21446434)
This amazes me. It's really hard to get $4B in revenue for an actual product. But they have sold 4B pretend dollars that are no better than dozens of other cryptocurrencies?
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Re:The trillion-dollar lawsuit against Tether by jacobush on Tuesday November 05, 2019 @02:54AM (#21450489)
Actually worse than other cryptocurrencies. Because Tether can collapse if (when) they are found guilty. The "normal" cryptocurrencies can collapse only when the market as a whole says so.
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Re:The trillion-dollar lawsuit against Tether by edmundsauto on Monday November 04, 2019 @06:20PM (#21447796)
According to Matt Levine, some of their reserves are literally accounts receivable from other shell companies they have started.
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