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A comment on $1M bounty for details on Tether’s backing. Parent comment

Re:$1M bounty for details on Tether’s backing by dsjegkl on Tuesday October 19, 2021 @07:17PM (#28924934)
>...holding a fraction of deposited money as reserves...

US banks haven't had reserve requirements since March 2020.

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

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Re:$1M bounty for details on Tether’s backing by jfrunyon on Tuesday October 19, 2021 @07:47PM (#28925169)
And yet their assets:liabilities ratio is still approximately "#DIV/0!" times that of Tether.
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Re:$1M bounty for details on Tether’s backing by dsjegkl on Tuesday October 19, 2021 @08:02PM (#28925267)
I highly doubt Tether has embezzled 100% of their assets.
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Re:$1M bounty for details on Tether’s backing by jfrunyon on Tuesday October 19, 2021 @09:02PM (#28925632)
I highly doubt you know what "approximately" means.
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