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by onlyrealcuzzo 1334 days ago
You're assuming the commercial paper market is much bigger than it is.

You can't go out and find $30B worth of commercial paper that no one else knows about and buy it in 3 months.

When governments around the world were stuffing everyone and every company to the brim with money - and banks couldn't find anyone to borrow money beside people to buy third homes in Ibiza - how did Tether find a bunch of companies that wanted to print $30B of commercial paper in 3 months that no one in the market was competing for?

Oh - and also - this heretofore undiscovered market was bigger than the previously known commercial paper market?

Yeah, right... It didn't happen.