5 billion in Gold, 5 billion in Bitcoin.
Quantity varies, but if you use tether for any txn you are a sucker!
Discussion
Tether has a usecase? 😂
In countries with highly inflating currencies.
They're literally circumventing sanctions and other AML stuff with this stable coin.
Gensler was trying to stop this blatant fraud but the money is to good not to basically offload inflation to anyone (any USDT holder) whilst using the interest earned to buy hard assets and you get your dollar back 😂
Got to admire the grift and I honestly thought by now it would have been stopped but it's being supported by the seated president of the USA