Tether ordered to produce documents showing backing of USDT [pdf]

Re:Tether ordered to produce documents showing backing of US... by zen_1 on Wednesday September 21, 2022 @12:20PM (#32927415)

All AAA mortgages, I'm sure.

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Re:Tether ordered to produce documents showing backing of US... by onlyrealcuzzo on Wednesday September 21, 2022 @12:56PM (#32927945)

AAA NFT mortgages in the metaverse.

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Re:Tether ordered to produce documents showing backing of US... by londons_explore on Wednesday September 21, 2022 @05:59PM (#32932118)

It's all zuckerberg's one meta-house remortgaged a million times...

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Re:Tether ordered to produce documents showing backing of US... by andrepd on Wednesday September 21, 2022 @01:21PM (#32928305)

Is AAA even meaningful? Shit ratings were a major part of the 2008 meltdown, but we've all collectively decided to ignore that and keep relying on the big three's Divinely Inspired Appraisal. Sounds odd.

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Re:Tether ordered to produce documents showing backing of US... by lazide on Wednesday September 21, 2022 @03:22PM (#32930146)

It is only meaningful in a relative sense - AAA is less likely to be allowed to fail (or maybe actually fail?) than BBb or whatever. Usually.

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Re:Tether ordered to produce documents showing backing of US... by GaveDrohl on Wednesday September 21, 2022 @01:00PM (#32928012)

S&P & Moody's would not lie!/s

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