#Tether, a company whose capital probably comes from #China and which earns 5% interest on ~$100 billion for doing nothing, has been branching out and investing in:
1. a chinese bitcoin transaction processor (some call them "miners") manufacturer #Bitdeer
2. random agriculture companies in argentina with a sub 3% ROI (less than Tether would get doing nothing and collecting 5%) https://t.co/R15JFCMRhD
3. #Satellogic, a manufacturer of spy satellites that is currently losing $30-50 million per year (much less than the guaranteed 5%)
to say this is shady would be an understatement but it is of a piece with some of Tether's other recent bailouts of allegedly fraudulent companies like #NorthernData
#crypto #stablecoins #stablecoin #cryptocurrency #bitcoin #bitcoinmining #argentina #SATL #Adecoagro #espionage #satellite #spy #Chinese #JihanWu
