Bazaar

Where is Tether keeping it's money? [Part I]

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Inspired by the Bloomberg report which talks about the mystery behind Tether's $69B dollars backing the Tether in circulation, we created a two part series on Tether.

In Part I of the series we touched upon various questions like:

  • What is Tether? How is it different from other Cryptos out there?
  • What is a stablecoin & how does it work?
  • Discussion on the internal functioning of Crypto exchanges
  • Discussion on the Bloomberg Report & answering the billion dollar Q - 'WHERE IS TETHER KEEPING ITS MONEY?'
  • Talking about a potential connection between Tether and the Evergrande Group & other Chinese real estate players
  • How Tether is working like a bank and literally minting easy money
  • How Tether got itself into such a position in the first place?
  • CEO/CFO of Tether - what are they upto?

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    BazaarBy Siddharth Bothra