Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
rapsey
on May 20, 2022
|
parent
|
context
|
favorite
| on:
Tether Required Recapitalization in May 2022
Current market cap is 52 billion. Just where is that money?
scrlk
on May 20, 2022
|
next
[–]
Apparently with BlackRock and BNY Mellon:
https://decrypt.co/97795/blackrock-handle-circle-usdc-cash-r...
koolba
on May 20, 2022
|
prev
|
next
[–]
With treasuries paying 1.6% x $50B, that’s $66M per
month
of interest.
thebean11
on May 20, 2022
|
prev
[–]
Held by Circle and Coinbase in T bills I believe.
edit: more likely held by some holding company controlled by those two companies.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
