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As long as there's value in a 1-to-1 USD-backed crypto, more tethers will created. The barriers of entry are relatively low and someone is bound to get it right
by MadSudaca 8y ago
As long as there's value in a 1-to-1 USD-backed crypto, more tethers will created. The barriers of entry are relatively low and someone is bound to get it right eventually.
- bhaak 8y agoThere are other, better audited stablecoins now that have been growing for a while now. The trust in tether has always been questionable, this will hopefully accelerate the move away from tether.
- LandoCalrissian 8y agoThey are literally making those tethers out of thin air, you know that right? It's not backed 1 to 1 at all and this report clearly calls it out.