Tether CEO confirms major capital raise at a reported $500B valuation

I don’t know much about stable coins. How does tether make money?

	▲	wmf 7 hours ago \| parent \| next [-]
		Tether holds around $170B of US treasury bonds and receives interest on them which amounts to billions per year.
	▲	tencentshill 8 hours ago \| parent \| prev [-]
		I assume they could lend their USD holdings out to a variety of shady entities, while being subject to no regulation, due to not being a bank.

mwkaufma 8 hours ago | parent | prev [-]

(Slaps hood) you won't believe how much paper-money we can shove into this bubble.