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Tether CEO confirms major capital raise at a reported $500B valuation
- SilverElfin 1y agoI don’t know much about stable coins. How does tether make money?
- tencentshill 1y agoI 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.
- wmf 1y agoTether holds around $170B of US treasury bonds and receives interest on them which amounts to billions per year.
- mwkaufma 1y ago(Slaps hood) you won't believe how much paper-money we can shove into this bubble.