3 ms·
Title should be “Tether reveals it is capitalized like any bank”
by scrollbar 5y ago
Title should be “Tether reveals it is capitalized like any bank”
- iwubu99 5y agoexactly haha
- sschueller 5y agoYes, and as soon as there is a bank run the bank stops giving people their money. Just like what will happen if everyone wants their tethers in USD at the same time.
- jellicle 5y ago"...but not regulated like any bank"
- shuckles 5y agoTether is in fact not a bank, though? It is a service that in theory ports USD to block chains for ease of transaction. The last thing I would want for such a service would be to treat my money like it was a deposit at a non-FDIC insured investment bank.