Its dwindling cash balance is probably just Tether_to rolling cash into Treasuries because they yield 5.378% instead of nothing, but the trend isn’t encouraging. Opinion by gckaloudis for The Node.
in the world nestled just between Mexico and Thailand. That in and of itself is pretty remarkable.
Second, the amount of assets Tether shows in its attestation report exceeds $86 billion which is a few billion higher than USDT’s market capitalization right now. It is worth mentioning that $2.4 billion of that is “Other Investments,” which could literally be anything. In any event, assets exceed liabilities for Tether which means it’s running an equity surplus.
Tether’s profitability makes sense in the context of the amount of Treasuries it holds. Interest rates have gone up a lot over the last year and Tether’s business clearly benefits from that. One-month Treasuries yield 5.378% right now, USDT yields nothing, Tether collects the difference. If you hold billions of dollars worth of Treasuries then you’re sitting on a cash cow.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stocks fall, Treasuries gain after Fitch downgrades US rating By Reuters⚠️BREAKING: *GLOBAL STOCKS FALL, TREASURIES GAIN AFTER FITCH DOWNGRADES U.S. DEBT RATING
Les mer »
Asia Stocks to Fall as US Shares, Treasuries Drop: Markets WrapAsian equity futures fell after heavy selling in US stocks and long-dated Treasuries as investors digested data showing a hot US labor market that will keep pressure on the Federal Reserve to maintain restrictive policy.
Les mer »
Fitch Downgrade Lays Out Bear Case for Longer-Dated TreasuriesFitch Ratings’ decision to strip the US of its AAA credit ranking this week highlights the booming deficits that are at the heart of the bear case for Treasuries — even as some investors remain bullish
Les mer »
Billionaire investor Ackman says he is shorting 30-year Treasuries By Reuters*BILLIONAIRE INVESTOR BILL ACKMAN SAYS HE IS SHORTING 30-YEAR TREASURIES 🇺🇸🇺🇸
Les mer »
Tether a Sunshade to an Asteroid to Slow Down Climate ChangeClimate change is affecting all areas of our planet. A scientist in Hawai'i suggests that we build a giant sunshade to deflect some sunlight.
Les mer »
USD Coin (USDC) Market Cap Drops to Two-Year LowsMajor US Dollar Tether (USDT) rival loses over 50% of its peak June 2022 capitalization
Les mer »