Bloomberg Businessweek cover image

Cover Story: The Crypto World’s $69 Billion Mystery

Bloomberg Businessweek

00:00

Tether's Chinese Investments and Crypto Backed Loans Are Potentially Significant

Tether has lent billions of dollars more to other crypto companies with bit coin as collateral. If devisini is taking enough risk to earn even a one % return on tether's entire reserves, that would give him and his partners a 690 million dollar annual profit. The officials who gathered in july at the treasury department are discussing regulating tether like a bank - or even undermining it by issuing an official us.

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