Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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Yes, Tether absolutely held Chinese commercial paper.
Bloomberg has some details on the stablecoin. Highlights include: a “sizeable loan” to the Celsius Network, extensive third party loans, and its banking network which, whew buddy. Tether made loans to parties such as Bitfinex — and lent $5.1 billion at one point, a significant amount of Tether!
I wonder how much Tether has cleaned up their act! Perhaps the team will release recent details to — ahahahahaha just kidding. Let’s see what else comes out.
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