Bloomberg Businessweek cover image

Cover Story: The Crypto World’s $69 Billion Mystery

Bloomberg Businessweek

Tether's Chinese Investments and Crypto Backed Loans Are Potentially Significant

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Tether has lent billions of dollars more to other crypto companies with bit coin as collateral. If devisini is taking enough risk to earn even a one % return on tether's entire reserves, that would give him and his partners a 690 million dollar annual profit. The officials who gathered in july at the treasury department are discussing regulating tether like a bank - or even undermining it by issuing an official us.

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