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Re:Exposing Tether [video] by notwedtm on Friday June 18, 2021 @09:34AM (#27550099)
It's all broken down in the video. A very large chunk is on "commercial paper" which is unsecured loans to...?
Re:Exposing Tether [video] by raesene9 on Friday June 18, 2021 @09:40AM (#27550161)
Indeed that's the question to... it's a huge variance depending on who it's to, the terms of the loans and the interest rates received.

No Basel II capital adequacy requirements here :)