Hacker News new | ask | show | jobs
Tether CEO confirms major capital raise at a reported $500B valuation (cnbc.com)
3 points by coldcache 263 days ago
2 comments
SilverElfin 263 days ago
I don’t know much about stable coins. How does tether make money?
link
wmf 262 days ago
Tether holds around $170B of US treasury bonds and receives interest on them which amounts to billions per year.
link
tencentshill 263 days ago
I assume they could lend their USD holdings out to a variety of shady entities, while being subject to no regulation, due to not being a bank.
link
mwkaufma 263 days ago
(Slaps hood) you won't believe how much paper-money we can shove into this bubble.
link