Replying to Avatar StackSats ⚡️

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin. These Bitcoin shall be considered on top of the minimum reserves assets that 100% back tether tokens.

USG is paying Tether to buy #bitcoin
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Alex Jones 2y ago

this the same shit Luna was saying? or is this real?

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StackSats ⚡️ 2y ago

There is a difference. Tether buying #bitcoin with excess reserves.

What company own excess reserves mean?

It means that Tether, on top of the 100% reserves necessary to back issued tokens, has currently 2.5B+ USD (equivalent) more. This accounts to ~3% additional value on top of the minimum 100% reserves.

These excess reserves have been accrued through interest rates on our massive US t-bill portfolio and other investments (gold, ...).