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A comment on Federal investigators probe Tether. Parent comment

Re:Federal investigators probe Tether by from-nibly on Friday October 25, 2024 @07:20PM (#41950913)
But banks also make loans, and do fractional reserve banking, so obviously owning bonds isn't enough.
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Re:Federal investigators probe Tether by jujube3 on Saturday October 26, 2024 @10:06PM (#41959313)
The Fed doesn't let banks do this because it would be "too safe"

https://en.wikipedia.org/wiki/Narrow_banking

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