/biz/ - Business & Finance

Tether handled 30 billion in redemptions just fine. It makes appx $4 billion in profits every year. It has issued appx $80 billion tethers. They are almost completely backed by US treasury bonds. If interest rates go up those don't become worthless. They are just slightly discounted in the event of a forced sale. Tether also holds a shit ton of bitcoin. They have never had a stronger balance sheet than now. And they didn't collapse when their balance sheet was way worse and USA jew banks tried to topple them. Can we move on from the tether FUD at this point? Its been 10 years. Time to move on.