2022-05-20
$Tether's fuzzy math. Or as they're starting to call it after the $UST debacle “weapons of math destruction.” I'm no #CPA but $82.4B in hand minus $82.2B in liabilities = $200M in free flow. And Tether is burning through Billions? Amirite $crypto? https://www.techmeme.com/...
Bloomberg
Tether's accounting firm says Tether holds $20.1B in commercial paper, down 17% QoQ; Tether had $82.4B+ in total assets on March 31 and $82.2B in liabilities
but it's worth noting that Tether has a $100k USD transaction minimum, so this wasn't a universal option... https://www.bloomberg.com/... Mindao / @mindaoyang : Tether (USDT) relea...