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Why would the people running Tether not just park the money in a US Treasury ladder and collect the millions in interest each year? No hassle, no loss of sleep.
by unabridged 5y ago
Why would the people running Tether not just park the money in a US Treasury ladder and collect the millions in interest each year? No hassle, no loss of sleep. Why play games? Why risk blowing up your cash cow and going to jail?
- loeg 5y agoTheir product largely revolves around not following US banking KYC and AML laws. They are locked out of US treasuries.
- rawtxapp 5y agoThe reason why Tether exists in the first place is that crypto businesses were cut off from traditional banking for a very long time and even today it's very hard for them to get bank accounts and operate easily.