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USDT is the 25th largest holder of T-bills. This is a bit of bullshit fud.
by rekttrader 3y ago
USDT is the 25th largest holder of T-bills. This is a bit of bullshit fud.
- datadrivenangel 3y agoIf they only have 50% of the money they need, they're still missing half, even if that half is huge.
- rvnx 3y agoIt won't be missing anyway, because they are getting paid interest on what is still here :) Whether it's a scam or not, it works.
- timmytokyo 3y agoTether is an unaudited black box, so no one really knows what their reserves are composed of. Tether's also been caught lying about their reserves numerous times [1], so it would be insane to think they're a credible store of value. Given their history and opaqueness, it's reasonable to assume shenanigans. [1] https://www.dirtybubblemedia.com/p/examining-tethers-secret-loan-portfolio https://www.dirtybubblemedia.com/p/examining-tethers-secret-...
- rekttrader 3y agoLess than 24 hours later.... USDT posts 2b in profit.