News for hackers. Stuff that matters.

A comment on Tether executives said to face criminal probe into bank fraud. Parent comment

Re:Tether executives said to face criminal probe into bank f... by nipponese on Monday July 26, 2021 @09:44AM (#27959265)
How did you survey the commercial paper sector?
[ Parent | on HN ]
Re:Tether executives said to face criminal probe into bank f... by Clewza313 on Monday July 26, 2021 @09:55AM (#27959388)
This has been widely reported, see eg Matt Levine's recent take: https://www.bloomberg.com/opinion/articles/2021-07-22/privat...
[ Parent | on HN ]
Re:Tether executives said to face criminal probe into bank f... by perl4ever on Tuesday July 27, 2021 @12:40AM (#27968702)
This is great:

"“Given our portfolio composition in commercial paper, we believe that it is quite important to respect the privacy of the banking partners that we work with.” That’s not a thing! That’s not a thing at all! Every money-market fund just lists all of its holdings, by size and issuer and CUSIP! Tether has broken new ground in the concept of commercial-paper privacy rights!"

...

"Tether has traded between $0.9996 and $1.0009 over the last seven days, including during yesterday’s interview. That’s a pretty tight range given that, you know, anyone can watch the interview."

[ Parent | on HN ]