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Tether is backed 1:1 with USD in traditional bank accounts. Some of it may still be seized and held by the US government, not sure if that's been resolved yet.
by wavepruner 6y ago
Tether is backed 1:1 with USD in traditional bank accounts. Some of it may still be seized and held by the US government, not sure if that's been resolved yet.
USDT also trades freely on open markets against USD. If USDT was being printed without USD backing then those markets would decouple.
- itodd 6y ago[Citation needed]
- wavepruner 6y agoIt doesn't take much effort to verify these claims. But it's not worth my time digging it up for you. If you don't want to believe it, then don't. Doesn't make a difference to me.
- itodd 6y ago> It doesn't take much effort to verify these claims. Please verify your first claim and I'll admit I was wrong.