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A comment on Tether ordered to produce documents showing backing of USDT [pdf]. Parent comment

Re:Tether ordered to produce documents showing backing of US... by Grimburger on Friday September 23, 2022 @09:41AM (#32951837)
> are required to keep on hand sufficient equity for a percentage of their risk-weighted assets

Define "sufficient", give it an actual number...

> Tether has disclosed a capital ratio of approximately 0%

NYAG accounted for 90% of their assets with that big case last year didn't they?

[ Parent | on HN ]
Re:Tether ordered to produce documents showing backing of US... by tptacek on Saturday September 24, 2022 @11:42AM (#32963734)
You didn't say "banks are no longer required to keep sufficient reserves". You said they were no longer required to keep reserves at all.
[ Parent | on HN ]