Tether USDT Summaries And Resources:
1/ Tether debunking experts:
- @BennettTomlin
- @ahcastor
- @Bitfinexed
- @Tr0llyTr0llFace
- @davidgerard
- @smdiehl
- @LucaLand97
- @StateCommon
- @librehash
- @ncweaver
- @intel_jakal
- @ExkrementKoin
- @Frances_Coppola
- @JorgeStolfi
- @CasPiancey
- @BennettTomlin
- @ahcastor
- @Bitfinexed
- @Tr0llyTr0llFace
- @davidgerard
- @smdiehl
- @LucaLand97
- @StateCommon
- @librehash
- @ncweaver
- @intel_jakal
- @ExkrementKoin
- @Frances_Coppola
- @JorgeStolfi
- @CasPiancey
3/ @DefiantNews YouTube summary. Reference links under description “show more”:
4/ Tethers outstanding (click “Market Cap”): coinmarketcap.com/currencies/tet…
5/ “Tether: A Stable Discussion” four-episode podcast series by @BennettTomlin and @CasPiancey:
bennettftomlin.com/2021/05/15/new…
bennettftomlin.com/2021/05/15/new…
6/ @BennettTomlin index of Tether articles:
https://twitter.com/BennettTomlin/status/1334891515341123584
7/ The Bit Short: crypto-anonymous-2021.medium.com/the-bit-short-…
14/ @mcuban layered leverage / rehypothecation unwind:
https://twitter.com/mcuban/status/1396496065092734981
15/ Anonymous payment systems shut by US regulators: blog.bitmex.com/tether/#case-s…
16/ Tether’s Invisible (fictitious?) CEO J.L van der Velde: archive.is/DfBMP#selectio…
18/ JP Morgan 2-18-21 report. In the article below, there's a second-paragraph link to all 86 pages but Tether is covered nicely on pages 30-34.
coindesk.com/a-sudden-loss-…
coindesk.com/a-sudden-loss-…
19/ A key sentence from above JP Morgan report, page 34. 
22/ @ExkrementKoin Thread covering Tether's sole bank in the Bahamas, Deltec.
https://twitter.com/ExkrementKoin/status/1397796034550583296
23/ @TheSpeculator0 citing JP Morgan research. Tether’s reserve disclosures make it the 7th largest holder of commercial paper.
https://twitter.com/TheSpeculator0/status/1396190411505405956
24/ Tether's "auditors" Moore Cayman apparently on a hiring spree in the 2 weeks since Coindesk noted they had only 5 employees.
- Coindesk 5/13: coindesk.com/tether-first-r…
- Staff Listing 3/30 Wayback (same 5): web.archive.org/web/2021033013…
- Staff Listing Now: cayman.moore-global.com/people
- Coindesk 5/13: coindesk.com/tether-first-r…
- Staff Listing 3/30 Wayback (same 5): web.archive.org/web/2021033013…
- Staff Listing Now: cayman.moore-global.com/people
26/ Proof that Tether’s owners pocket all reserve “investment” gains but no losses. From @BennettTomlin bit.ly/3wJPPn6.
-1) Print+loan USDT to a few asset-light crypto exchanges/traders.
-2) Pocket coupon pmts, leaving coinholders all default risk and no capital cushion.
-1) Print+loan USDT to a few asset-light crypto exchanges/traders.
-2) Pocket coupon pmts, leaving coinholders all default risk and no capital cushion.
27/ Peg Mystery Part 1/3:
- USD/USDT peg stayed *$0.99-$1.02* over last year, despite growing $6B to $60B and disclosing that 95% of reserves are vague corporate loans. Why?
- @BennettTomlin RT’d @elite_investor’s stellar currency peg thread below.
- USD/USDT peg stayed *$0.99-$1.02* over last year, despite growing $6B to $60B and disclosing that 95% of reserves are vague corporate loans. Why?
- @BennettTomlin RT’d @elite_investor’s stellar currency peg thread below.
https://twitter.com/elite_investor/status/1398698090039844865
28/ Peg Mystery Part 2/3:
- If Tether loans are USDT-denominated (limiting borrower exposure to collapse), who’s buying USDT with USD to support the peg?
- Tether can’t defend with USD reserves, so maybe the 15-21% 6-12mo defi rates noted by @Bitfinexed?
- If Tether loans are USDT-denominated (limiting borrower exposure to collapse), who’s buying USDT with USD to support the peg?
- Tether can’t defend with USD reserves, so maybe the 15-21% 6-12mo defi rates noted by @Bitfinexed?
https://twitter.com/Bitfinexed/status/1398102928787968000
29/ Peg Mystery Part 3/3:
- I'm likely missing a lot. Maybe a worthwhile thread from an expert above, or @smdiehl @Tr0llyTr0llFace @LucaLand97 etc?
- If so, FWIW I'll delete these and post it here. Cheers!
- I'm likely missing a lot. Maybe a worthwhile thread from an expert above, or @smdiehl @Tr0llyTr0llFace @LucaLand97 etc?
- If so, FWIW I'll delete these and post it here. Cheers!
30/ Equal Time Rule:
- The case for Bitcoin, from MSTR's CEO Michael Saylor.
- Since December, MSTR used nearly all its cash + borrowed $1.7B to buy 92k bitcoins ($2.2B @ $24.5k each).
- Now worth $3.3B ($35.9k each) = 72% of MSTR's $4.6B market cap.
- The case for Bitcoin, from MSTR's CEO Michael Saylor.
- Since December, MSTR used nearly all its cash + borrowed $1.7B to buy 92k bitcoins ($2.2B @ $24.5k each).
- Now worth $3.3B ($35.9k each) = 72% of MSTR's $4.6B market cap.
https://twitter.com/CryptoWhale/status/1398769233086009346?s=20
31/ Hashtags pls see index above #TetherScam #BitcoinCrash #Crypto #Tether #USDT #Bitcoin #StableCoin
32/ @Bitfinexed ref former CFTC chairman Tim Massad
https://twitter.com/bitfinexed/status/1399579786721345537?s=21
34/ @SVR13 FT article on BoE regulating stablecoins.
https://twitter.com/SVR13/status/1401951423437365248
35/ Note that @jimcramer highlighted Tether risk twice last week. IMO there are *much* better summaries here already though, like the next tweet #36.
https://twitter.com/jimcramer/status/1404358167962783744
36/ Stellar, very thorough summary by @coffeebreak_YT. Includes @BennettTomlin interview. PS - 1.5x speed worked well for me.
https://twitter.com/coffeebreak_YT/status/1404913387818131461
37/ @muellerberndt excellent article re impact of Tether crash on crypto markets.
muellerberndt.medium.com/is-tether-a-bl…
muellerberndt.medium.com/is-tether-a-bl…
38/ #tetherinvestigation see summaries and resources above.
44/ USDC thread by @dkcrypto showing that "approved investments" are defined specifically by states and highly liquid/safe. Seems a completely different kettle of fish vs. Tether.
https://twitter.com/dkcrypto13/status/1406017170837016585
45/ @concodanomics including nice quick USDT history.
https://twitter.com/concodanomics/status/1409834587728064516
46/ @Ryan_Browne_ excellent Tether thread linking articles including his own CNBC today 7/7/21.
https://twitter.com/Ryan_Browne_/status/1412786855498637317
47/ Hashtags please see Tether resources above (keep clicking "show reply").
- Note especially "1/ Tether debunking experts".
- #tetherinvestigation
- #TetherScam #BitcoinCrash #Crypto #Tether #USDT #Bitcoin #StableCoin
- Note especially "1/ Tether debunking experts".
- #tetherinvestigation
- #TetherScam #BitcoinCrash #Crypto #Tether #USDT #Bitcoin #StableCoin
48/ @jimcramer Mad Money 7-9-21 #tetherinvestigation
https://twitter.com/Bitfinexed/status/1413653033058193408
50/ *Incredibly* comprehensive and well-written summary of all things Tether by @ttmygh.
- Pages 5-25 below.
- Incorporates work of several experts, @BennettTomlin @CasPiancey @ahcastor @Bitfinexed @smdiehl @DoombergT @coloradotravis etc.
- Thanks Grant!
grant-williams.com/download/
- Pages 5-25 below.
- Incorporates work of several experts, @BennettTomlin @CasPiancey @ahcastor @Bitfinexed @smdiehl @DoombergT @coloradotravis etc.
- Thanks Grant!
grant-williams.com/download/
51/ Backstory on shady de facto head of Tether + Bitfinex by @SVR13 @skeletonfund in @FT 7/14/21.
https://twitter.com/ahcastor/status/1415633771773190147
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