The most recent “transparency report”[0] for their reserves seems to suggest the... | Hacker News

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		bthrn on May 18, 2022 \| parent \| context \| favorite \| on: U.S. court rejects Tether’s bid to conceal reserve... The most recent “transparency report”[0] for their reserves seems to suggest the near majority of it (35B) is backed by US treasury bills. They are also counting debt by other corporations in their “cash and bank deposits” classification (24B). Is the goal here to establish whether this is factual, or is it to determine what comprises these in greater detail? [0] https://assets.ctfassets.net/vyse88cgwfbl/4hiNJsZ98LlZqCJHKz...

DebtDeflation on May 18, 2022 [–]

The question they seem to want to dodge is who is the issuer of all that Commercial Paper. They'd like people to believe it's a diverse group of blue chip companies. The reality is it's probably Binance and a few other crypto companies.

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