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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by retube on Thursday May 12, 2022 @03:34AM (#31350426)
It's actually much better for tether to be invested in CP and similar paper. You can't leave $80bn in the bank, cos then you have gigantic concentrated credit risk to the bank. It's actually imperative you invest in CP, and preferably, government bills, to diversify your risk.
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Re:Tether starting to lose its peg too, after Terra did by muhammedbash on Thursday May 12, 2022 @03:58AM (#31350602)
They don't have to stick the entire $80bn in one bank.

It is the lack of transparency around the CP that is raising eyebrows. Why can't Tether list the papers they are invested in? It is such a simple thing to do.

Could be all their CP holdings are in one company :)

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