3 ms·> backed by $1 in a bank somewhere. Are we sure about this?by michaelchisari 9y ago> backed by $1 in a bank somewhere. Are we sure about this?runeks 9y agoNo, that’s the point, no one is sure about this. For a token that’s supposed to be redeemable in USD, the tether is extremely opaque.cantrip 9y agoYeah you took out the word ostensibly when you quoted me.