Tether has been around far far longer than FTX has. It has also been called a fraud for half or more of that time and it is still standing strong. FTX wasn’t pu

Tether has been around far far longer than FTX has. It has also been called a fraud for half or more of that time and it is still standing strong. FTX wasn’t publicly called a fraud, at least here on HN. The moment Coindesk published that FTX and Alameda were a house of cards, the house collapsed in 2 weeks more or less. Tether has probably made a ton of money by lending newly minted tether at 1-6% annual interest to people pessimistic enough to short it unsuccessfully this whole time, ironically.