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!
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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.