1turn keyframes spin transform rotate 0deg transform rotate 1turn webkit keyframes pending transform translateX 100 transform translateX 100 keyframes pending transform translateX 100 transform translateX 100 webkit keyframes drop opacity transform. 1turn keyframes spin transform rotate 0deg transform rotate 1turn webkit keyframes pending transform translateX 100 transform translateX 100 keyframes pending transform translateX 100 transform translateX 100 webkit keyframes drop opacity transform. Once upon a time, it was thought that Tether was backed by U.S. currency. Evergrande, China's second-largest property developer by sales, recently warned that it was in danger of defaulting on massive debts. It's worth 100 million USD, so give me 100 million Tether." You then take that 100 million USDT and buy BTC. Bears speculate Tether has Evergrande commercial paper, which Tether has denied, but even if tether went down that would mean a pump for bitcoin as everyone would go from USDt to BTC. Stablecoin Tether says it does not hold any commercial paper from Evergrande in recent a statement. Hindenburg Research, a short seller based in New York, joined the ranks of those . Arizona Recently Processed 673,000 Voter Identities with the Social Security Administration - 58% Had NO MATCH FOUND.
11 replies 23 retweets 359 likes Llewellyn-Smith also highlights something many industry insiders have long suspected - that the stable coin Tether is exposed to Evergrande's commercial paper.
He said the vast majority of its commercial paper has high grades from credit ratings firms. This is a crypto backed by an asset. Evergrande Is Collapsing - Will Not Make Its Massive Debt Payments - 5 Times Bigger than Lehman Brothers. Of their $42 billion in funds, on March 31, Tether claims to hold over 75% of their reserves in cash and cash equivalents, most of which are in the form of commercial paper.The remaining assets . Two weeks ago The Gateway Pundit warned that Evergrande is preparing for bankruptcy. 7 US $3.5T spending bill stalls Tether does not and has never held any commercial paper, other debt, or securities issued by Evergrande," the company wrote in a note to Capital.com, adding that "the great bulk of the commercial paper held by Tether is in A2 and above-rated companies. The stock closed down by around 10%, hitting 11-year . [After living in Hong Kong the past decade, my hunch is that Evergrande is not the only company unable to make debt payments on real estate in China.] Arizona Recently Processed 673,000 Voter Identities with the Social Security Administration - 58% Had NO MATCH FOUND. On Monday the US stock market plunged nearly 700 points as Evergrande fears mounted.
Commercial paper is an unsecured, short period debt tool issued by a company, usually for the finance and inventories and temporary liabilities. [Personal comment - there are numerous billionaires in Hong Kong and many, if not all, are in Chinese real estate. By Joe Hoft Published September 15, 2021 at 2:30pm . This may affect some Tether commercial paper holdings. Regardless of what commercial paper you hold, bonds and commercial paper would take a hit and some issuers may even fold," tweeted Adam Cochran, partner at Cinneamhain Ventures. Evergrande might, but how on earth are debt troubles bad for bitcoin, is anyone's guess. Tether said that it funnelled roughly half its reserves into commercial paper. Follow .
Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance. Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman. However, Tether has denied this. If Evergrande collapses, it will trigger more crashes. Reuters reported: This makes Tether more exposed to global commercial paper market volatility (such as what happened with Evergrande), which could potentially result in insufficient reserves in the event of a "bank run". Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance.
Even so, Noelle Acheson, head of market analysis at Genesis Trading, said Tether could still be affected if the economic situation in China deteriorates. These papers are like a promissory note allotted at a huge cost and exchangeable between the All-India Financial Institutions (FIs) and . TRENDING: What's Going On? .
An apparent […] Stablecoin Tether denies holding Evergrande paper September 19, 2021 admin 0 . Evergrande is trying to find a way to cut costs and sell off some of its assets to dig its way out.
Another 18 per cent is held in fiduciary deposits, more than 12 per cent in secured loans and nearly 10 per cent in . 1turn keyframes spin transform rotate 0deg transform rotate 1turn webkit keyframes pending transform translateX 100 transform translateX 100 keyframes pending transform translateX 100 transform translateX 100 webkit keyframes drop opacity transform. Tether owns just under $30 billion of commercial paper, yet trading desks in Europe and New York have not had dealings with it.
Then instantly sell it for DAI or Gemini Stablecoin and cash out your 100 mil. 6 Interest rates going up again. The exchange had also suspended trading in the bond on Friday. Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance.
5 Weaker than expected jobs report.
On September 7, Zerohedge shared: With algos busy chasing upward momentum in futures and global stocks, the biggest - if largely ignored story - remain the ongoing collapse of "China's Lehman", the $300+ billion China Evergrande, where following our earlier reports (see below . This comes as the Evergrande debt crisis and rival stablecoins shine a spotlight on Tether's reserves again. Largest Issuer of China's Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted.
Tether has denied holding Evergrande debt but Stuart Hoegner, Tether's lawyer, had declined to say whether Tether had other Chinese commercial paper in an interview with Bloomberg Businessweek. Hong Kong real estate holding company in China, Evergrande. Hong Kong Behemoth in China Real Estate US Stocks Plummet as "China's Lehman" Evergrande Reaches Brink of Collapse - Noticias 1776