4 ms·
Tether's market cap is $4,132,688,008 USD. That means that the folks running tether need to have 4B in reserves. That is... unlikely.
by conception 7y ago
Tether's market cap is $4,132,688,008 USD. That means that the folks running tether need to have 4B in reserves. That is... unlikely.
- deleted 7y ago[deleted]
- papln 7y agoThis amazes me. It's really hard to get $4B in revenue for an actual product. But they have sold 4B pretend dollars that are no better than dozens of other cryptocurrencies?
- jacobush 7y agoActually worse than other cryptocurrencies. Because Tether can collapse if (when) they are found guilty. The "normal" cryptocurrencies can collapse only when the market as a whole says so.
- edmundsauto 7y agoAccording to Matt Levine, some of their reserves are literally accounts receivable from other shell companies they have started.