Comment by mathrando

I expect better from FT. Tether is very similar to prime money market funds, in both structure and portfolio composition. I guess the Fidelity's of the world aren't keen on competition.

https://www.nytimes.com/2008/09/20/business/20moneys.html

https://www.nytimes.com/2020/03/19/business/coronavirus-mone...