4 ms·
-Probability of Tether ever collapsing is incredibly low- Tether has nearly $50b of cash or cash equivalents. Tether charges 0.1% on redemptions, and min size
by Jommi 4y ago
-Probability of Tether ever collapsing is incredibly low-
Tether has nearly $50b of cash or cash equivalents.
Tether charges 0.1% on redemptions, and min size is 100k.
It would take $50b + $50M in redemptions before we find out if this "hole" exists or not.
-Commercial Paper backing Tether-
https://tether.to/en/transparency/#reports https://tether.to/en/transparency/#reports
Currently Tether states their commercial paper exposure to be 0.07%
That doesnt seem to be any significant amount.
Now you can complain that there has not been an audit. That's fair. There could be a hole. But most of the stuff you are saying makes no sense, and if there is a hole we will probably never know.