Hacker News new | ask | show | jobs
by viraptor 1486 days ago
> They only need to have made 2% on those other investments

Made, realised and not spent/withdrawn by them. The required assumption here is that the pool of money behind tether grows / is reinvested. But given they only need to keep 1:1 (assuming even that is true) the investment profits may have been exchanged for hookers and blow for all we know.