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They invest the funds backing the Tether in dubious investments (mostly short term loans to unknown companies, but some precious metals, bonds, funds, and even
by shawabawa3 5y ago
They invest the funds backing the Tether in dubious investments (mostly short term loans to unknown companies, but some precious metals, bonds, funds, and even some crypto
(all according to them, but completely unaudited)
- Clewza313 5y agoThe obvious source of commercial paper is that they sell Tethers at a steep discount to an exchange they're buddy-buddy with, and the exchange gives them an IOU in return. Hey presto, "commercial paper" backing the Tethers.