The Ledger

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Opinion

Tether operates like a hedge fund retaining all yield, says Stern

“USDT is like a 100 hedge fund. Like they keep all Of the carry for you which speaks to how, like, much people want stable currency across the world.”

Henri Stern Nov 4, 2025 ▶ 12:37 Stablecoin special: Zach Abrams (Bridge) and Henri Stern (Privy)

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The Ledger

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