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The percentages add up. Are you certain that for every $100 in USDT they issue, they acquire another $2.94 in T-bills, $3.87 in cash, take out a secured loan fo
by pwinnski 4y ago
The percentages add up. Are you certain that for every $100 in USDT they issue, they acquire another $2.94 in T-bills, $3.87 in cash, take out a secured loan for $12.55, and so on?
They could indeed have all of those percentages, in exactly that relationship, all combined worth... a million dollars. That would be far, far, far, far short of what it should be.
- evdubs 4y agoThe attestation reports tell you the actual numbers (not percentages) of holdings grouped by asset type. [1] > The Group’s consolidated total assets amount to at least US$ 66,409,619,424. > The Group’s consolidated total liabilities amount to US$ 66,218,725,778, of which US$ 66,204,234,509 relates to digital tokens issued. > ... US Treasury Bills ... $28,856,434,491 > ... other holdings by asset type [1] https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9buRWR/6fe2987698dbbf39b947af718d736ddb/Std_ISAE_3000R_Opinion_30-6-2022_RC134792022BD0303.pdf https://assets.ctfassets.net/vyse88cgwfbl/2xJyKdUKicdRUWpC9b...