Tether 'Is a High-Risk Offshore Hedge Fund,' Former Puerto Rico Bank Executive Tells Bloomberg

cryptocurrency 3 months ago

According to a report by Bloomberg, the stablecoin Tether's holding reserves include billions of dollars of short-term loans to large Chinese companies. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down allegations made by John Betts, the founder of a Puerto Rico bank Tether used.
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