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The FDIC could not make the system solvent in the event everyone tried to redeem their funds. It can only keep up confidence to try to prevent people from all t
by anm89 5y ago
The FDIC could not make the system solvent in the event everyone tried to redeem their funds. It can only keep up confidence to try to prevent people from all trying to redeem their funds.
- whimsicalism 5y agoThe government promising by law to pay everyone back does build more confidence than Tether's 2.3 cents + outstanding debt from other exchanges. This is why I stick with defi stablecoins.
- bronzeage 5y agoYou do realize that Tether going down will bring the whole thing down with it right?