>"My question is: how have Tether managed to turn a profit on billions of dollars of long treasuries when the same thing literally bankrupted several banks"< P

>"My question is: how have Tether managed to turn a profit on billions of dollars of long treasuries when the same thing literally bankrupted several banks"< Perhaps they bought short term treasury bill so they redeemed them in full every few months avoiding the risk? T bills are still 4% or something. Or they are just lying...