The article talks about Tether's issued coins making it as large as one of the top 50 US banks (if it were a bank).
How many banks does the US have?
How many banks does the US have?
> about $30 billion of its dollar holdings are invested in commercial paper—short-term loans to corporations. That would make Tether the seventh-largest holder of such debt, right up there with Charles Schwab and Vanguard Group.
"Would", because nobody in those markets has seen them.
Apple, Microsoft, Google, Verizon Communications and Pfizer COMBINED hold $400B in reserves.