Arizona Recently Processed 673,000 Voter Identities with the Social Security Administration - 58% Had NO MATCH FOUND. Stablecoin Tether says it does not hold any commercial paper from Evergrande in recent a statement. is in dire straights. It's worth 100 million USD, so give me 100 million Tether." You then take that 100 million USDT and buy BTC. Amid increasing regulatory concerns surrounding stablecoins, Tether has come out to say it does not hold any commercial paper issued by Evergrande. Arizona Recently Processed 673,000 Voter Identities with the Social Security Administration - 58% Had NO MATCH FOUND. Two weeks ago The Gateway Pundit warned that Evergrande is preparing for bankruptcy. Cryptocurrency News; Adoption & Regulations there's no way they can exit their position holding such a huge amount of paper. 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 commercial paper could be Chinese and it is one of the largest commercial paper traders in existance. An apparent […] Hong Kong Behemoth in China Real Estate US Stocks Plummet as "China's Lehman" Evergrande Reaches Brink of Collapse - Noticias 1776 construction methods and management 7th edition solution manual pdf. Largest Issuer of China's Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted. Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance. Tether is the largest of what are referred to as stablecoins. By Joe Hoft Published September 15, 2021 at 2:30pm . A severe market correction coincided with a surge in activity from crypto whales, who moved over half a billion dollars worth of stablecoins in a matter of hours, according to a whale-watching bot. 6 Interest rates going up again. However, it turns out that most of the U.S. dollars backing Tether actually consisted of "commercial paper." Commercial paper is a corporate debt note . This may affect some Tether commercial paper holdings. As Bitcoin started to breach the $50,000 level at around 01:30: UTC on Saturday, hundreds of millions of dollars in crypto began […] Evergrande, meanwhile, is one of the biggest issuers of commercial paper, with $32 billion outstanding at the end of 2020 (although consolidated number could be higher). In an interview, stablecoin Tether's tech chief Paolo Ardoino lays out the case for holding commercial paper in its reserves. However, Tether has denied that it holds any commercial paper from Evergrande, though it may be exposed to Chinese companies. He said the vast majority of its commercial paper has high grades from credit ratings firms. Bitcoin plunged overnight after a sell off that began during the stocks opening intensified this Shanghai morning. there's no way they can exit their position holding such a huge amount of paper. Hong Kong real estate holding company in China, Evergrande. On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. Evergrande Is Collapsing - Will Not Make Its Massive Debt Payments - 5 Times Bigger than Lehman Brothers. Blockchain Topics. With its rapidly growing market capitalization, one-to-one stablecoins are competing with short-term debt products . Once upon a time, it was thought that Tether was backed by U.S. currency. 7 US $3.5T spending bill stalls On Monday the US stock market plunged nearly 700 points as Evergrande fears mounted. U.S. Securities and Exchange Commission chairman Gary Gensler has said recently that many cryptocurrencies — including stablecoins — are securities as the SEC prepares to recommend increased . 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. The fund is listed under the ticker symbol NFTZ and has a . He said the vast majority of its commercial paper has high grades from credit ratings firms. . 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. Apparently sometime in the past few weeks, Tether at least confirmed the $30B CP is international (ie, non-US). Tether Denies Holding Commercial Paper Issued by Troubled Real Estate Developer Evergrande September 19, 2021 admin 0 Stablecoin issuer Tether has said it does not hold commercial paper issued by Chinese real estate company Energrande, which faces imminent default to the magnitude of the Lehman Brothers collapse. On Monday the US stock market plunged nearly 700 points as Evergrande fears mounted. TRENDING: What's Going On? If Tether goes to 0. Tether owns just under $30 billion of commercial paper, yet trading desks in Europe and New York have not had dealings with it. 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 . Tether is 80% of beeteecee volume; even if tether once had $64 billion dollars, the value of their chinese commercial paper would be down at least 30%, and at least 50% if it's evergrande. Bitcoin fell from $57,000 to $53,000 when Shanghai woke up this Saturday morning. Tether's latest auditor's report shows that $ 30.8 billion of its $ 62.8 billion in assets are held in commercial paper, with the Financial Times ranking the company as one of the 10th leading instrument holders in the world. This is a crypto backed by an asset. That includes $30.6 billion in commercial paper and certificates of deposit, $7.2 billion in cash, almost $1 billion in money market funds and $19 billion in Treasury bills. Largest Issuer of China's Commercial Paper, Evergrande, Is Facing Bankruptcy, Entire World Economy Likely Impacted. . Hindenburg Research, a short seller based in New York, joined the ranks of those . Commercial paper is an unsecured, short period debt tool issued by a company, usually for the finance and inventories and temporary liabilities. Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance. As a result, even though Tether says it doesn't hold commercial paper issued by Evergrande, an upheaval in the commercial paper market could still have wider . [Personal comment - there are numerous billionaires in Hong Kong and many, if not all, are in Chinese real estate. These papers are like a promissory note allotted at a huge cost and exchangeable between the All-India Financial Institutions (FIs) and . Commercial papers are short-term unsecured debt issued by corporations and are seen as less reliable and riskier than cash. A couple of days ago we warned that Evergrande is preparing for bankruptcy. 4 Evergrande contagion, which could spread to CC via #1. See. Tether Holdings Ltd. had assets totaling at least $69 billion as of Sept. 30, according to an assurance from Cayman Islands-based Moore Cayman. Tether, the world's largest 'stablecoin', said in a statement it does not hold any commercial paper or securities issued by embattled developer China Evergrande Group (3333.HK), as regulatory . They may have been encouraged to do so. Follow . [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.] 3 Vietnam enters first COVID lockdown, disrupts supply chain. Then instantly sell it for DAI or Gemini Stablecoin and cash out your 100 mil. 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 Treasury plots stablecoin crackdown even as Tether's dominance wanes September 19, 2021 admin 0. . The problem is Evergrande is five times the size of Lehman Brothers, made famous in the 2008 crash in the US. "This $300 billion debt monster is potentially China's Lehmann Brothers, trading in subterranean junk debt to Chinese (and global) counterparties (which may include Bitcoin via . Tether commercial paper could be Chinese and it is one of the largest commercial paper traders in existance. 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 . Tether could shock the commercial paper and US short-term securities market. Stablecoin Tether denies holding Evergrande paper September 19, 2021 admin 0 . Tea Leaf Analysts (TA) traders however wanted all this so maybe they partially caused it, but in that case it might be temporary with the big question this year .
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