Tether CEO confirms major capital raise at a reported $500B valuation (opens in new tab)

(cnbc.com)

3 pointscoldcache9mo ago4 comments

4 comments

4 comments · 2 top-level

SilverElfin9mo ago· 2 in thread

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

wmf9mo ago

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.

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