Anyone Seen Tether’s Billions?

Re:Anyone Seen Tether’s Billions? by adflux on Thursday October 07, 2021 @07:24PM (#28793447)

Tether most likely holding CHINESE paper. The kind that probably lost a lot of value in the past weeks.

Follow BennettTomlin on Twitter, he has been researching tether for years.

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Re:Anyone Seen Tether’s Billions? by jandrese on Thursday October 07, 2021 @07:36PM (#28793568)

Or it could be like so many cryptocurrency adjacent businesses a straight up scam/Ponzi scheme.

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Re:Anyone Seen Tether’s Billions? by saalweachter on Friday October 08, 2021 @09:09AM (#28798837)

I assumed their "$30B of commercial paper" was just the owners' other company.

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Re:Anyone Seen Tether’s Billions? by freemint on Friday October 08, 2021 @04:42PM (#28803952)

M Impression was that Tether is holding BitFinex papers. I am not sure though where I read this

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Re:Anyone Seen Tether’s Billions? by jvilleBrat on Friday October 08, 2021 @03:46PM (#28803359)

Why are they downvoting you? The article mentions that they do claim to own a lot of Chinese paper

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Re:Anyone Seen Tether’s Billions? by graeme on Friday October 08, 2021 @09:05PM (#28806065)

Not just that. The reporter saw their statement listing ownership.

They value their paper “at redemption value” which is a loophole so big they don’t need to lie. They can hold $10 billion worth of paper and value it at $30 billion.

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