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Tether most likely holding CHINESE paper. The kind that probably lost a lot of value in the past weeks. Follow BennettTomlin on Twitter, he has been researchi
by adflux 5y ago
Tether most likely holding CHINESE paper. The kind that probably lost a lot of value in the past weeks.
Follow BennettTomlin on Twitter, he has been researching tether for years.
- jandrese 5y agoOr it could be like so many cryptocurrency adjacent businesses a straight up scam/Ponzi scheme.
- freemint 5y agoM Impression was that Tether is holding BitFinex papers. I am not sure though where I read this
- saalweachter 5y agoI assumed their "$30B of commercial paper" was just the owners' other company.
- jvilleBrat 5y agoWhy are they downvoting you? The article mentions that they do claim to own a lot of Chinese paper
- graeme 5y agoNot just that. The reporter saw their statement listing ownership. They value their paper “at redemption value” which is a loophole so big they don’t need to lie. They can hold $10 billion worth of paper and value it at $30 billion.