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no-one knows how backed it is. iFinex claim it's 100% backed. They may, or may not, be telling the truth. The question is do you believe that billions of dolla
by raesene9 6y ago
no-one knows how backed it is. iFinex claim it's 100% backed. They may, or may not, be telling the truth.
The question is do you believe that billions of dollars are flowing into an unaudited stablecoin when other, audited, stablecoins exist...
- dgellow 6y agoIn 2019 Tether's lawyer was talking about 74% backed by cash and "short-term securities". Edit: I forgot to add the link, here it is https://www.bloomberg.com/news/articles/2019-04-30/tether-says-stablecoin-is-only-backed-74-by-cash-securities https://www.bloomberg.com/news/articles/2019-04-30/tether-sa...