Tether CEO confirms major capital raise at a reported $500B valuation

3 points by coldcache 363 days ago | 4 comments

SilverElfin 363 days ago |

I don’t know much about stable coins. How does tether make money?

wmf 363 days ago | |

Tether holds around $170B of US treasury bonds and receives interest on them which amounts to billions per year.

tencentshill 363 days ago | |

I assume they could lend their USD holdings out to a variety of shady entities, while being subject to no regulation, due to not being a bank.

mwkaufma 363 days ago |

(Slaps hood) you won't believe how much paper-money we can shove into this bubble.