> Would you honestly be convinced if their attestation reports included CUSIPs?
Yes because that would be verifiable and we could know the counterparty holding them and ask for verification. If they verified they are holding those cusips for Tether then we're good.
And I don't' think you understand the treasury market as well as you think you do. Its a very transparent market. Everyone knows all the players, especially at the 10's of billions size.
If they honestly were buying treasuries through Deltec then we would know, I assure they they are not as Deltec doesn't really participate in this market
Yes because that would be verifiable and we could know the counterparty holding them and ask for verification. If they verified they are holding those cusips for Tether then we're good.
And I don't' think you understand the treasury market as well as you think you do. Its a very transparent market. Everyone knows all the players, especially at the 10's of billions size.
If they honestly were buying treasuries through Deltec then we would know, I assure they they are not as Deltec doesn't really participate in this market