Tether got fined a tiny amount, much less than any tier 1 bank pays in a year. And one of their investors was once in a movie. Who gives a shit?
Meanwhile they have a brilliant business model for the current market: take dollar deposits, invest them and keep the interest, then return them with no interest or adjustment for inflation. Who wouldn't like a 4% profit on $86bn?
Clearly you didn’t read the actual evidence in the indictment. They had (and likely still don’t have) any actual banking infrastructure. It’s all smoke and mirrors.
Tether got fined a tiny amount, much less than any tier 1 bank pays in a year. And one of their investors was once in a movie. Who gives a shit?
Meanwhile they have a brilliant business model for the current market: take dollar deposits, invest them and keep the interest, then return them with no interest or adjustment for inflation. Who wouldn't like a 4% profit on $86bn?
Good for them.