Oddbean new post about | logout
 On the international stage you get powerful insurance against being wiped out by owning nuclear weapons.
In finance you get the same by owning "too big to fail" businesses.
Is Tether on the way to "too big to fail"? Will it be allowed to get there?

Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.

https://cointelegraph.com/news/tether-issues-4-billion-usdt-4-weeks

 
 Stay humble stack sats.
Fuck Tether. 
 nostr:nevent1qqs95kcnawfyd3acnr9cd4jpa58lkqjrvnxuqs507fmmw5tpjj5uw0gpz3mhxue69uhhyetvv9ujumn0wd68ytnzvupzqwdgk968t0sdk38rz0ul6qe0lhsc8j9t6eycujfj4penxrfv6jrgqvzqqqqqqyj26ueq