A Ponzi scheme doesn't require a return. Tether is paying out existing investors with new investor's money, while skimming and investing the reserve in risky as

A Ponzi scheme doesn't require a return. Tether is paying out existing investors with new investor's money, while skimming and investing the reserve in risky assets. Here's a good write up of the recent disclosures and the bag of shit that is Tether's reserves: https://www.mymoneyblog.com/tether-stablecoin-risk.html https://www.mymoneyblog.com/tether-stablecoin-risk.html "Instead of 100% risk-free, short-term, liquid assets, Tether is less than 7% risk-free, short-term, liquid assets. Commercial paper? Backed by whom exactly? Fiduciary account? At which remote offshore bank owned by a third-party? They could be pointing to a half-eaten sandwich and calling it collateral."