Rising Tether Loans Add Risk to Stablecoin, Crypto World - WSJ

Tether has also left it unclear whether any of its loans are to related parties, which can be a red flag for investors. Tether’s reports used to say that none of the loans were to affiliated entities. However, it dropped that language starting with its report for the second quarter of 2022. Ms. Welch wouldn’t say why Tether dropped the language and declined to say how much, if any, of Tether’s loans were to related parties as of Sept. 30.

This whole article is like this. Murkiness, lack of routine disclosure, smoke and mirrors.

After FTX, I’m astonished that people are still dealing with crypto exchanges. But hey, everyone wants to get rich quick.