Turning a profit on a $60B cashpile should be easy, even with current rock bottom interest rates. Even more so since Tether reserves the right to deny redemptio

Turning a profit on a $60B cashpile should be easy, even with current rock bottom interest rates. Even more so since Tether reserves the right to deny redemptions, or redeem them in-kind for securities (which would allow them to invest in relatively illiquid investments that might have a higher yield). Problem: there never was $60B to begin with, and to the extent there was/is some real money, Tether has the nearly impossible task of proving its not related to money laundering, proceeds of crime, etc if they want access to regulated financial markets. But, no one with clean, legitimate cash has any reason to do business with Tether (or any other stablecoin for that matter - exchanges would be more than happy to take clean USD if people want to buy cryptocurrency).