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