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"Tether holds far more than your bank or many bluechips in backing, try not to forget that one." The author writes right there in the article why he thinks Tet
by EliRivers 6y ago
"Tether holds far more than your bank or many bluechips in backing, try not to forget that one."
The author writes right there in the article why he thinks Tether is full of shit. He states that the bank they claim to be putting all their dollars in simply doesn't have that many dollars.
So you can now put your money where your mouth is and explain why he's mistaken about that.
Addeundum, some time later: dylkil has done it for you. Now there a commenter who actually comes armed with facts.
- phyalow 6y agoDevils advocate, (I think tether is B/S) but the Bahamas deposits sheet they mention wont include securities like TBills and Corporate Credit, which I expect Tether would hold as collateral...