> I read an article not that long ago where a journalist was trying to figure out where Tether kept its money (if there was any). I think that you might be ref

> I read an article not that long ago where a journalist was trying to figure out where Tether kept its money (if there was any). I think that you might be referring to this one [1] from Bloomberg on Oct 7: Anyone Seen Tether’s Billions? It generated plenty of discussion on HN [2]. I mention it here because I enjoyed the article and the style in which it was written, if you don't mind a little snide humour in discussing a potentially serious problem. (The article was also archived [3].) Bloomberg commentator Matt Levine discussed the article in his Money Stuff column of the same day, Looking for Tether's Money [4]; it provides background and explanation of the mechanics of Tether, which I found to be educational. (That column was also archived [5].) [1] https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether https://www.bloomberg.com/news/features/2021-10-07/crypto-my... [2] https://news.ycombinator.com/item?id=28784745 https://news.ycombinator.com/item?id=28784745 [3] https://archive.is/LdRL6 https://archive.is/LdRL6 [4] https://www.bloomberg.com/opinion/articles/2021-10-07/matt-levine-s-money-stuff-looking-for-tether-s-money https://www.bloomberg.com/opinion/articles/2021-10-07/matt-l... [5] https://archive.is/cQVJl https://archive.is/cQVJl