• 19 employees managing 62 Billion Dollars
• Won’t provide an actual address of their office
• 7th largest holder of commercial papers but Wallstreet never heard of them
• The terms of service ensure that they can deny the return of their product at any time
• When caught lying they just change a few words on their website
• Executives got banned on Reddit for vote manipulation
• They refuse to be audited by financial institutions and just release a Powerpoint pie chart instead
• Their product is backed by 2.9% cash
The company we are looking for is Tether Limited. They issue the third biggest cryptocurrency, a stablecoin that has the biggest trading volume. What could go wrong mhhh?
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