7 ms·

Tether's headquarters must be on fire right now.

• JohnJamesRambo 5y ago
  “Tether does not hold any commercial paper or other debt or securities issued by Evergrande and has never done so. As we have indicated in our published statements and our most recent assurance attestation with a reporting date of June 30, 2021, the vast majority of the commercial paper held by Tether is in A-2 and above rated issuers.” Is there something I don’t know or are you just repeating stuff you think you know?
  • loeg 5y ago
    Tether’s operators have a history of repeatedly lying, though. It’s certainly possible they don’t hold any Evergrande debt, but it’s also possible they do and are just lying about it.
  • pjc50 5y ago
    Nobody knows anything about Tether reserves, and nobody will admit to being their counterparty or even their broker, so Evergrande was just made up as a possible candidate. $72bn of mystery dark money.
    • JohnJamesRambo 5y ago
      As someone that grows weed legally in my state I do commiserate with their problems. Since weed is not legal federally if my banks ever find out the source of funds, I’m terminated instantly and asked to take my money and go. Our American Express account was terminated for exactly this reason a few months ago. I assume it is a very similar situation with Tether, since they have had banking issues in the past. Whoever they bank with would be shunned immediately by other banks and governments, as many see crypto rightfully as a competitor. But the money is too attractive so you do have banks crossing that line to help, on the caveat that it remain anonymous. You can’t run Tether or a weed operation without banking, so you see our conundrum.
  • gitfan86 5y ago
    But what if there is a shell company that has issued paper to Tether and Evergrande owes the shell company money?
  • danlugo92 5y ago
    Do you know they are not holding Evergrande paper? They haven't been audited.