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The two are incomparable.
by maest 5y ago
The two are incomparable.
- applepple 5y agoHow are they any different? They both do fractional reserve banking. If anything, Tether is more robust because they aren't controlled by central banks.
- tarsinge 5y agoA random individual in the street can do fractional banking too, and by that reasoning is more robust than a bank. Why would you specifically trust Tether with your money?
- kanwisher 5y agoWe used to have private banks 100 years ago, and people would lose their money on a run on the bank. Central banks were created to have a shared liquidity pool so you are all safe in your deposits. Not just a private company that issues money and can run away with it all