Tether bought commercial paper from subsidiary of alleged terrorist-linked bank
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
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Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
Documents obtained by CoinDesk and Bloomberg shed additional light on Tether reserves, showing the issuers of its commercial paper.
With BUSD's market cap at $4.5 billion, it looks to be just a matter of time before the former top-three stablecoin vanishes completely.
Tether, Circle, and Paxos have all hired firms to lobby on their behalf in Washington DC but Coinbase still spends millions more.
Tether is no longer required to submit attestations but does this mean that all transparency around the leading stablecoin will be lost?
The market cap of TrueUSD recently doubled to over $2 billion, but the stablecoin is still surrounded by opaque ownership and behavior.
Tether has repeatedly promised complete transparency and to get itself audited. Neither of these things has happened but does anybody care?