Officially this was bitfinex and not tether, but factually they are the same company. So essentially they are giving themselves a loan of 750 million.
I should do the same, give me a loan of a few million and then use that loan to myself to back a stablecoin :)
They treat themselves so nicely. 😅
Wasn't the whole reason for the loan something to do with Crypto Capital holding their funds and then they couldn't get it back? Haven't followed all the details on this one
yes, but they are both accusing each other and nobody knows what really happened