Interestingly, while Tether is dumping all of their garbage commercial paper (which they'll never admit what Chinese Commercial Paper they were holding), the crypto market hasn't moved at all.
It's funny how the crypto market stalls whenever Tether is rearranging things.
It's funny how the crypto market stalls whenever Tether is rearranging things.
If the commercial paper was such high quality, why not tell people what it was?
The last big Tether stall was around July 2021, Tether suddenly stopped the printer and printed ZERO Tethers, while USDC printed like 4 billion.
Despite rapid USDC issuance, the crypto market imploded.
The market didn't move again until Tether started printing again.
Despite rapid USDC issuance, the crypto market imploded.
The market didn't move again until Tether started printing again.
Tether started printing again after news about Tether executive being under criminal investigation for bank fraud came out, in fact the market rallied big time just hours before the Bloomberg piece came out.
Almost like they were trying to front run the bad news.
Almost like they were trying to front run the bad news.
Besides, everyone knows that executives being under criminal investigation for bank fraud is sure to drive even more deposits into your company, that allegedly sells the same product at the same price as competitors that aren't under known criminal investigation for bank fraud.
Loading suggestions...