4min chapter

Odd Lots cover image

Sam Bankman-Fried and Matt Levine on How the Crypto Market Really Works

Odd Lots

CHAPTER

Public Relations

T tether is as a strange public relation strategy, i guess. They talk a lot about there, like, high quality commercial paper holdings but don't disclose them because confidentiality is very important to them. I think that's a pretty reasonable way of putting it. But we see real, legitimate influece into tether from a lot of places which lead to market makers selling and creating and sending, yo, real billions of dollars to tether’s bank account. And then you can sirit to the question if, like, art, well, what their business? Mal's probably get in yield on the dollars. How are they doing that? We have done. We've done billions.

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