Does anyone think that Tether, or their alter ego at Noble Bank, has recently hired a small army of treasury professionals, sales reps, ops people, and backoffice required to make this happen?
It feels a bit questionable to me.
It feels a bit questionable to me.
https://twitter.com/TheStalwart/status/1395903319659405312
An interesting thing about money movement is that it isn't purely scale-invariant: a billion here, a billion there, eventually you start to run into things which aren't just "Write a bigger number into the same box you used last time."
More contras. More paperwork. More regs.
More contras. More paperwork. More regs.
There's someone feverishly preparing at this moment to roll *checks notes* something like a billion dollars of paper on Monday, right? And then on Tuesday, Wednesday, etc etc?
Who is that person? Who employs them? Who manages them? Where is the infra required to do this?
Who is that person? Who employs them? Who manages them? Where is the infra required to do this?
"Do you think they're capable of just making up a baldfaced lie that their reserves exactly mirrors a Noble asset management fund without actually having the money in that asset management fund?"
This is a company of pretty bold people who have demonstrated a high risk tolerance
This is a company of pretty bold people who have demonstrated a high risk tolerance
* Deltec; Noble was the previous bank-adjacent entity they puppeted until destroying it.
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