Tether says it has completely eliminated commercial paper from reserves

When Tether gets to the point that it's holding $1 Trillion of US Treasuries, the US Government will make it illegal for anyone to post tether fud
 
When Tether gets to the point that it's holding $1 Trillion of US Treasuries, the US Government will make it illegal for anyone to post tether fud


And so the technology intended to protect/prevent against a "value" catastrophe, becomes a victim and a useful idiot.
 
3 month treasuries are almost 4% APY

Tether buying $50B would be a cool $2B/yr profit

I can see these stablecoins growing into the trillions of $ and the US government and Treasury would be very happy to have them as buyers since all other buyers are not buying as much i.e. Japan, China, and others

 
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