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There isn't much evidence that Tether Limited is indeed keeping a reserve of USD for each Tether printed [0]. They are minting hundreds of millions of Tethers a
by thomasdub 9y ago
There isn't much evidence that Tether Limited is indeed keeping a reserve of USD for each Tether printed [0]. They are minting hundreds of millions of Tethers and there are a lot of skeptics out there who don't believe that they have billions of USD in a bank.
[0] https://seekingalpha.com/article/4133884-bitcoin-additional-suspicious-developments https://seekingalpha.com/article/4133884-bitcoin-additional-...
- erikpukinskis 9y agoThat’s what fractional reserve means.