The Shadows of Commercial Paper

This chapter explores the intricate web of commercial paper as a short-term debt instrument, particularly the surprising involvement of a major cryptocurrency provider in its market. It raises concerns about the lack of regulation and transparency in stablecoins, especially Tether, and draws parallels to potential financial scams reminiscent of Ponzi schemes. The discussions highlight the risks of a liquidity crisis and the broader implications for corporate finance and the cryptocurrency ecosystem.