Thread: Ethereum
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Old 21st October 2021, 13:35     #908
Ajax
Architeuthis
 
Quote:
Originally Posted by Know me.
I thought the finding that tether only had 25% USD cash reserves and co mingled their corporate accounts with the tether accounts would have more of and impact than it did. Total disconnect from reality....to the moon!
Tether's actual cash backing is about 3%. The rest is (allegedly) tied up in Chinese commercial paper and crypto. It's a huge house of cards that will eventually come crashing down.
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