Oddbean new post about | logout
 Here 

https://tether.to/en/transparency/?tab=usdt 
 Thanks, these are huge numbers.  What a genius business model.  Really mind boggling. 
 There's just making money for jam. They hold treasury bonds and just cream the interest whilst everyone "uses" their digital coin. The thing is that this just exports US inflation elsewhere if you're holding USDT.

Rather do a non-fiat trade, BTC/XMR or some pair that has liquidity.