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Tether is printing money, they make around $5B every year just by buying Treasuries, are you implying they are insolvent? Why? They make tons of money just by d
by drexlspivey 3y ago
Tether is printing money, they make around $5B every year just by buying Treasuries, are you implying they are insolvent? Why? They make tons of money just by doing nothing
- kranke155 3y agoThis is the exact same thing people said about FTX. “Why would they be insolvent if they can make 200mil a month legally?” Turns out they were
- rspeele 3y agoWith $90B in USD they could make ~$5B just by doing nothing. Although technically we don't know that they have $90B USD under management, other than them saying so. They have never been audited. All we know for certain is that they have printed $90B USDT.
- kranke155 3y agoNever been audited is an understatement. They have dodged all regulation, been chased around and proven to be lying multiple times. Tether once said they had no association to Bitfinex, which was a plain lie. Its been lies all the way through. There is literally no reason to trust Tether and multiple independent signals that the whole thing is not reliable.