>The problem is counterparty risk. When Tether busts, you want someone on the other side who isn't all in on crypto. Or indeed shitty Chinese commercial paper.

>The problem is counterparty risk. When Tether busts, you want someone on the other side who isn't all in on crypto. Or indeed shitty Chinese commercial paper. Whatever Tether calls its treasury desk must be approximately the most stressful seat in the universe.