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According to their Terms and Conditions, Tether has no obligation whatsoever to redeem their currency for dollars, so while they may not be backed (and almost c
by microtherion 5y ago
According to their Terms and Conditions, Tether has no obligation whatsoever to redeem their currency for dollars, so while they may not be backed (and almost certainly are not), a bank run is not really their problem.
- ramboldio 5y agoIt's a problem for the value of the Tether coin and therefore for the nominal value of the entire crypto market. But otherwise: smart move. :D