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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. drew‏ @drewg__ Oct 7

      drew Retweeted Tether

      Pretty crazy that this is the response of a $69 billion crypto money market fund to an article that alleges they have broken the buck and that it's likely to happen againhttps://twitter.com/Tether_to/status/1446095728980500484 …

      drew added,

      TetherVerified account @Tether_to
      Tether dismisses Bloomberg story as old news with dubious sources ⬇️ https://tether.to/tether-responds-to-bloomberg-businessweek-article/ …
      6 replies 0 retweets 44 likes
      Show this thread
      drew‏ @drewg__ Oct 7

      The bottom line with Tether is that it's a MMF backed by commercial paper of unknown provenance. Tether refuses to reveal it's balance sheet or CP issuers so we're left to speculate. BBG confirmed that at least some of the CP is Chinese. Total holdings are still unknown.

      7:04 AM - 7 Oct 2021
      • 16 Likes
      • pedantic uncertaintist duck Mulls DeepShAIte jess gourd of flunk Adithya Shettar Jim Greco experquisite
      0 replies 0 retweets 16 likes

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