Tether has been at an ATH for a couple of months now.
With 3 month bond yield, sticking well over 5% for over 4 months, this has been a very very profitable business for Tether.
Thether keeps most of their funds in short term bonds.
Maybe by now they have also locked in some long term bonds. They could easily have a portion of their portfolio in 5Y bonds, locking high profits for a longer period of time.
At >$80B, Thether is easily making over 4B per year virtually risk free, and probably even more through Thether lending services.
I bet that a good chunk of those profits are used for accumulating Bitcoin, the hardest money on earth.
With 3 month bond yield, sticking well over 5% for over 4 months, this has been a very very profitable business for Tether.
Thether keeps most of their funds in short term bonds.
Maybe by now they have also locked in some long term bonds. They could easily have a portion of their portfolio in 5Y bonds, locking high profits for a longer period of time.
At >$80B, Thether is easily making over 4B per year virtually risk free, and probably even more through Thether lending services.
I bet that a good chunk of those profits are used for accumulating Bitcoin, the hardest money on earth.
