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> They do not need to have 100% USD at Tether. Exchanges buy UDST from Tether, that means that there is an exchange. How are these two things related at all? I
by qeternity 5y ago
> They do not need to have 100% USD at Tether. Exchanges buy UDST from Tether, that means that there is an exchange.
How are these two things related at all? If an exchange buys Tether with USD, then they will have 1:1 USD backing.
- tehlike 5y agoCrypto. Exchanges can buy tether with crypto. Or... Tether can print and buy crypto, these two scenarios are exactly the same.