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In what meaningful way is Tether not a fiat currency?
by shuntress 6y ago
In what meaningful way is Tether not a fiat currency?
- blackbrokkoli 6y agoIt is meaningful, because a large part of crypto culture seems to be based around hand-waving and selling you an underdog no-big-government empower-the-people story
- tim333 6y agoThe not government issued bit would become pretty meaningful if they get shut down or collapse. They are more like IOU notes for fiat currency - Tether owes you one US$.
- shuntress 6y agoHow is that not effectively the same thing? Is Tether less likely to shut down or collapse?