2 ms·
The minor difference is that you can withdraw your balance from banks, but you cannot redeem Tethers to what it's supposed to be backed by: U.S. dollars.
by lawn 7y ago
The minor difference is that you can withdraw your balance from banks, but you cannot redeem Tethers to what it's supposed to be backed by: U.S. dollars.
- teknopurge 7y agoEveryone cannot actually withdraw their balance to fiat all at once.
- lawn 7y agoYou're right, due to fractional banking and if people do a bank run will happen and the bank will fail (unless someone saves it). But it's at least possible to withdraw from banks. Redeeming Tethers is impossible.