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2024-05-03 09:50:05

vikipiki on Nostr: Tether is the greatest business in the world. You give them dollars. They give you ...

Tether is the greatest business in the world.
You give them dollars.
They give you Tether tokens which are essentially entries in a database.
They use your dollars to buy US bonds yielding 5%.
They use the yield to buy #bitcoin for their balance sheet.
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npub1wwu2skq230lxnxk3yuurrwtg6pz3pmgffdcl77rapcyudfy6n5qsvdxshk