CoinsAQ summary · neutral
Why Tether Looks More Like a Central Bank Than a Stablecoin Issuer
What happened
Once a simple stablecoin issuer, Tether now mirrors central bank mechanics with reserves, profits and policy-like decisions. Tether no longer looks like a simple stablecoin company. It runs a balance sheet packed with short-term US Treasurys, reverse repos, gold and even.
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