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Tether Disclosures: Only 2.9% backed by Fiat in actual cash. 50% backed by Commercial Paper, 12% backed by Loans and 10% backed by Gold!

Tether Disclosures: Only 2.9% backed by Fiat in actual cash. 50% backed by Commercial Paper, 12% backed by Loans and 10% backed by Gold!



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  1. >The thing is, other crypto exchanges like Binance and FTX — or even a sister org like Bitfinex — can issue commercial paper and use it to buy USDT.
    In that case, they explained, the commercial paper would end up in Tether’s reserves without any cash ever existing at all.

    😬 that’s kind of frightening.

  2. * Ethereum [Pro Arguments](https://old.reddit.com/r/CryptoCurrency/comments/n5ucq0/pro_contest_ethereum_proarguments/) & [Cons Arguments](https://old.reddit.com/r/CryptoCurrency/comments/n5v78w/pro_contest_ethereum_conarguments/) – Potentially earn moons by participating in the [Pro & Con-test](https://old.reddit.com/r/CryptoCurrency/wiki/policy#wiki_pro_.26amp.3B_con-test_-_.28wip.29).

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