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I wasn't actually addressing whether tether does or does not under reserve assets. I'm not particularly familiar with tether in general and the article isn't t
by munk-a 5y ago
I wasn't actually addressing whether tether does or does not under reserve assets. I'm not particularly familiar with tether in general and the article isn't the easiest to follow when it comes to where specifically the money is and how secure those investments are. It'd be a poor practice to have all their backing cash invested into GME, but it'd also be a poor practice to have their cash in actual bills somewhere. Ideally Tether can maintain an oversupply of asset value in various sources that are stable enough to justify less than the oversupply they have.