top | item 46771800 (no title) Maxatar | 1 month ago If you read the article, it's because Tether also issues a gold token called XAUT whose value is pegged to the price of gold:https://coinmarketcap.com/currencies/tether-gold/ discuss order hn newest Scoundreller|1 month ago Their whole market cap only equates to ~14 tons at current prices though… and article says they bought 26 tons in the quarter before this quarter where they bought 27 tons… jfyi|1 month ago Step 1, people hand Tether real money at 0% interest.Step 2, Tether invests in interest bearing assets.Step 3, Repeat step 2 with profits from step 2.The choice of gold is just diversification. Kind of odd timing though.
Scoundreller|1 month ago Their whole market cap only equates to ~14 tons at current prices though… and article says they bought 26 tons in the quarter before this quarter where they bought 27 tons… jfyi|1 month ago Step 1, people hand Tether real money at 0% interest.Step 2, Tether invests in interest bearing assets.Step 3, Repeat step 2 with profits from step 2.The choice of gold is just diversification. Kind of odd timing though.
jfyi|1 month ago Step 1, people hand Tether real money at 0% interest.Step 2, Tether invests in interest bearing assets.Step 3, Repeat step 2 with profits from step 2.The choice of gold is just diversification. Kind of odd timing though.
Scoundreller|1 month ago
jfyi|1 month ago
Step 2, Tether invests in interest bearing assets.
Step 3, Repeat step 2 with profits from step 2.
The choice of gold is just diversification. Kind of odd timing though.