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The latest Tether assurance report is available. It shows significant reductions in commercial paper and increase in U.S. treasury bills. Asset breakdown per the report is below. Very liquid portfolio. +Duration figures in footnote are good info. Source: tether.to/en/transparenc…
Tether market cap: $83 billion. In early 2017 when it was $15 million, PMs laughed at me when I said that this project will be the backbone of the industry. They laughed at $100million, $1billion & $10billion. Now it’s $80 billion with $70+ billion 24h volume. No one is laughing.
Big day for # and the energy markets (oil+gas)! Exxon, the largest U.S. oil and gas firm is using excess natural gas to mine Bitcoin and Russia allows gas payments in Bitcoin for friendly countries. Sometimes nothing happens for years and sometimes years happen in days.