[Rohr]

Disclosures from cryptocurrency provider Tether suggest it has become one of the world’s largest investors in the US commercial paper market, rubbing shoulders with the likes of fund managers Vanguard and BlackRock and dwarfing the investments of tech giants like Google and Apple, according to estimates from JPMorgan.

“Until last week we hadn’t really heard of them,” said a trader at a large bank. “It was news to us.”

JPMorgan’s analysts said the large commercial paper holdings may suggest that Tether is struggling to find a bank willing to take its cash as a deposit. The US Office of the Comptroller of the Currency has released guidance saying that banks can take deposits from stablecoin issuers only if the coins are fully backed by reserves.

#kryptowaluty

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@Rohr: czyli co Bitcoiny i całe krypto są zabezpieczone amerykańskim długiem ( ͡º ͜ʖ͡º)

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@atari_xd: No to to the moon bo Ameryki jeszcze nikt nie ruszy ( ͡° ͜ʖ ͡°)