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42 sats \ 2 replies \ @denlillaapan OP 14h \ parent \ on: Tether's Golden Bitcoin, WTH is Backing All of This? (Money Stuff, Matt Levine) econ
hm... I suppose, yeah. (Though bills only pay return on redemption, and bonds every six month, so technically they'd be short their commitment -- in a liquidity sense -- for parts of the year).
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9 sats \ 1 reply \ @Undisciplined 14h
Bonds are very liquid, though. They shouldn't have to wait for redemption to get the present discounted value of the yield.
Also, they have lots of exit requirements, right? So, Tether only needs enough liquidity to cover what's eligible for cash redemption.
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42 sats \ 0 replies \ @denlillaapan OP 13h
true-true-true
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