> a group of four men has controlled 86% of Tether Holdings
So of Tether's $68bn "market cap", no more than $10bn was actually bought? Which means some subset of that are bag holders, with the rest being affiliated exchange obligations? (EDIT: Nvm.)
Maybe it's not a deal if it's banned and collapses.
Tether Holdings Ltd is the company that operates Tether. The article says that group of 4 men owns 86% of the shares in Tether Holdings Ltd, not 86% of the Tether tokens.
So of Tether's $68bn "market cap", no more than $10bn was actually bought? Which means some subset of that are bag holders, with the rest being affiliated exchange obligations? (EDIT: Nvm.)
Maybe it's not a deal if it's banned and collapses.