Looking back, the truly visionary company in the crypto is Tether. Over the years, it has consistently invested its profits in gold and Bitcoin. Currently, the largest gold RWA XAUT is also owned by Tether. I wonder how much more farsighted it is than the silly Circle.

So, retail investors can only buy CRCL shares, not TEDA shares 🤣 They keep the high-quality shares for themselves and sell the second-tier shares to retail investors—it's the same principle as not selling good meat as minced meat 🤣

😂😂😂

Not entirely. Tether profits from non-compliant activities because non-compliant activities allow them to use a portion of their funds to gamble on gold/BTC reserves. Losses are shared by USDT holders, while profits belong to Tether. Circle, being compliant, cannot do this.