2 ms·
> Would those loans be called commercial paper by any accountant’s definition? We're talking about crypto here, blantant lying is pretty rampant, and Tether ha
by lamontcg 5y ago
> Would those loans be called commercial paper by any accountant’s definition?
We're talking about crypto here, blantant lying is pretty rampant, and Tether has clearly blatantly lied in the past.
> They risk penalties for blatant lies
If the amount they're being paid for those attestations exceeds the risk then it makes sense to blatantly lie.
They are also not audits, but attestations, so Tether can be blatantly lying to them.
> Also those Celsius loans are USDT denominated with crypto collateral.
And that is it right there.