> It's probably part of their agreement with the bank(s)
The point is that Tether and Bitfinex have the power to publish their bank balances, and they could authorize their banks to confirm the deposits if they wanted to.
Why would they refuse to do this, even while under intense suspicion of actually not controlling 1:1 reserves, unless the accusations were true?
The question of interest is a distraction. Businesses usually hold cash in money market accounts or do short-term repo agreements to get a little yield with very low risk. But that yield would be at most 2% a year, so not relevant to the real question.
The point is that Tether and Bitfinex have the power to publish their bank balances, and they could authorize their banks to confirm the deposits if they wanted to.
Why would they refuse to do this, even while under intense suspicion of actually not controlling 1:1 reserves, unless the accusations were true?
The question of interest is a distraction. Businesses usually hold cash in money market accounts or do short-term repo agreements to get a little yield with very low risk. But that yield would be at most 2% a year, so not relevant to the real question.