Quote:
Originally Posted by jyl
Also it was disclosed that only 5% of Tether’s assets are actually cash or equivalents. Tether plays a key role in crypto.
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Your facts are incorrect, cash and cash equivalents are about 76% per their quarterly release for the NYAG.
But Tether will be an interesting one to watch, it could always fall apart and bring a lot of people with it if they are indeed hiding mismanagement and fraud. They are complying with the NYAG but still vague with terms like "commercial paper" making up a large portion of their cash equivalents. I think this has been discussed for about 5 years now so eventually its gotta happen or people gotta move on to something new to worry about.