So if nobody in the USD/EUR commercial paper world has heard of Tether, who are the major Chinese CP dealers? Someone, somewhere has to be selling these guys product right?
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This would be great
Seems like the most plausible doomsday scenario to me. The credit ratings in that case wouldn't be on the CP but on whatever beneficial entity Tether cut a deal with right?
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Yes but that would of ignore the seniority of whatever the loans were likely making them riskier than the company generally. Also loans backing tether collateralized with bitcoin also could feed into the problem.
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So this is essentially what I thought was happening with real estate cos, but apparently it’s celsius instead. Interestingly C don’t really lend out tether, so they are short USDT in this scenariopic.twitter.com/gRSQ2BTO5V
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