Bloomberg News once tried to track down Tether's supposed commercial paper holdings [0]. It's a small market with just over a dozen major players, and Tether's

Bloomberg News once tried to track down Tether's supposed commercial paper holdings [0]. It's a small market with just over a dozen major players, and Tether's claimed holdings would put them in the top 10. Bloomberg called a few of those firms, nobody had ever heard of or transacted with them. This smells of Maddoff 10 miles against the wind. [0] 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...