17th May 2023 Digital Bytes

The lure of digital cash, but do you know what you are buying? - there has been considerable interest in CBDCs and stablecoins but in reality do you really know, let alone understand, what the backing of USDT, the world’s biggest stablecoin, is? The company that issues USDT is Tether and it has just announced in the last quarter that it made $1.44 billion; but how, and why, does it only have 67% invested in cash/cash type assets?

Where the wealthy invest and why the rest may follow them - the wealthy have typically had preferential access to investments that had not been the preserve of other investors. Whilst we have seen a huge increase in assets being managed via pension and mutual funds, REITs, ETFs and other collective investment schemes, the asset management industry is undergoing a massive transformation. This will potentially result in smaller investors being able to gain exposure to a cornucopia of assets that only the wealthily had been able to benefit from previously.

Blockch…