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

(cnbc.com)

3 pointsarvindh-manian6mo ago4 comments

4 comments

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

wmf6mo 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.

j / k navigate · click thread line to collapse

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

wmf6mo 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.

j / k navigate · click thread line to collapse