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376 sats \ 1 reply \ @bshell 10 May 2023
With the amount of profits they produce per quarter, they could end up being one of the largest holders of bitcoin in the world within a few years assuming tether continues to grow.
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0 sats \ 0 replies \ @kr OP 10 May 2023
agreed!
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101 sats \ 0 replies \ @BlokchainB 10 May 2023
Crazy. Is tether the Trojan horse to fiat money?
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17 sats \ 0 replies \ @Dash_1971 11 May 2023
US gov will put a stop to that eventually. You have to think they will embrace stablecoins in order to dollarize (and export inflation to) the world. But they'll kill two (three?) Birds with one stone by regulating requirement for full reserves of US Treasuries ONLY.
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0 sats \ 0 replies \ @kr OP 10 May 2023
this is as of Q1 2023, their blog post can be found here: https://tether.to/en/tethers-latest-q1-2023-assurance-report-shows-reserves-surplus-at-all-time-high-of-244b-up-148b-in-net-profit-new-categories-for-additional-transparency-reveals-bitcoin-and-gold-allocations/
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0 sats \ 1 reply \ @vijo 10 May 2023
so like 50k bitcoin... not great, not terrible
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50 sats \ 0 replies \ @kr OP 10 May 2023
what number would you classify as great? what about terrible?
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