Tether admits insolvency in court filing: https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents … I think the $64 million question now is where the next shoe is to drop, because it's overwhelmingly likely that they've been de facto supplying credit to the ecosystem.
Yes. Most banks have 2+ loans. This is advantageous because if you had only one loan and, because lightning struck, you had loaned to a comprehensively mismanaged company which had already lost the money, you would have to write your entire loan book to zero.
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Ah roger - I was thinking it was referring to something more technical about loans
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