Tether's "reserve" assets include.... a $550 milllion loan to Bitfinex. What he's describing is matching liabilities with assets, not backing with reserves. A bank that has its deposits 1:1 matched by loans does not have a "100% Reserve."
What the chain says
- Block
- 669 633
- Time
- 2021-01-12T02:16:30Z
- Signer
- 19pULviYJRu8vXcowFtS8FquBgXYd6mXN3
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1978
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
19pULviYJRu8vXcowFtS8FquBgXYd6mXN3 Verified