I’ve said it before on here but I think the commercial paper on their books is just the balance of a loan of Tether with the interest payable in USD and the pri

I’ve said it before on here but I think the commercial paper on their books is just the balance of a loan of Tether with the interest payable in USD and the principle payable either in USD or USDT. Essentially what they did was create an unregulated private bank and issue a counterfeit digital USD.