Thether buys US debt to back their USDt tokens
Discussion
WHO’S GONNA BUY THE BONDS??
Oh…it’s Tether. Tether is gonna buy the bonds.
Thx for the heads up!
Ok did a quick search. Tether owns billions in treasury bills and I'm guessing that's how they maintain their supposed 1:1 value with tether users? And at the same time they get kiss uncle Sam's ass.
Maybe kinda fishy since aqua is using tether... Maybe it ain't the best wallet?
Don't forget they also get a few percentages of interest on US debt. And they get to keep it all, since USDt pays no interest to its holders.
The incentive is there, doesn't mean that there needs to be something fishy going on. Although I do think that Uncle Sam looks at them more favourably since they hold his debt
I would stay away from Aqua after I heard this pod, nostr:npub1s63scxcxwte2jyend9zge8slsn8f6hexc9nkrkvwqq9ck88ctuhq39tl0j
Is signal
What’s wrong with aqua? Because tether is on the liquid network?
They hold all your data.
What data? Transactions?
I can't remember its an older episode I will 3x the thing tonight
I’ll listen to it. Just hoping for a bullet point
This is the pod that inspired the OG note