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All is quiet in The Bahamas. No sign of $15 billion entering their banking system this year. So Tether's "reserves" are either held in custody off of Deltec's books, or in other offshore bank accounts, or Door #3... 🤔 centralbankbahamas.com/publications/q

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Jesse Powell

@jespow

Jun 3, 2021

Not defending Tether but this is a statement of liabilities/balances, not funds flows. You’d want to look at the sum total of deposits to their account. Current balance doesn’t mean much as we know they don’t keep 1:1 USD reserves. They take the USD coming in and buy other assets

Deltec'ed

@ExkrementKoin

Jun 4, 2021

You're out of you're friggin mind if you think Tether fraudsters took in $30 billion in cash and bought commercial paper with it. Their cash position is the same as 3 fucking years ago, yet they're issuing 800 million usdt per day. The data doesn't lie

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Matt Ranger

@vhranger

· May 18, 2021

With $30B in commercial paper, tether's supposed reserves makeup represents a healthy 3% of the entire US commercial paper market. sec.gov/files/primer-m @intel_jakal