Tether Lucra US$ 5 Billion and You Still Don't Trust It?
Tether reported record profits of US$ 5.2 billion in the first half of 2024, reinforcing its position as the most profitable company per employee in the world. The General Theory sees stablecoins as the backbone of the new system, and USDT is the glue. The noise about “questionable reserves” is old news; the truth is that they buy US Treasury bills like crazy. Basically, Tether finances US debt with crypto money. It’s the biggest irony of capitalism. While you debate whether it’s trustworthy, they’re accumulating real power over the global economy.
Radar: #USDC #CRV #USDT
$CRV $USDC $USDT
Tether reported record profits of US$ 5.2 billion in the first half of 2024, reinforcing its position as the most profitable company per employee in the world. The General Theory sees stablecoins as the backbone of the new system, and USDT is the glue. The noise about “questionable reserves” is old news; the truth is that they buy US Treasury bills like crazy. Basically, Tether finances US debt with crypto money. It’s the biggest irony of capitalism. While you debate whether it’s trustworthy, they’re accumulating real power over the global economy.
Radar: #USDC #CRV #USDT
$CRV $USDC $USDT