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Are you not concerned about this turning into a similar situation as Tether? I.e. the assets end up not being backed by money.
by ZephyrBlu 5y ago
Are you not concerned about this turning into a similar situation as Tether? I.e. the assets end up not being backed by money.
- gomox 5y agoThe way these work is totally transparent (open source smart contracts govern the issued tokens). There's no risk of hidden insolvency (there are significant technical risks, though).
- metalex 5y agoSpot on. The risk here is all technical given the mechanics are public — no potential for a tether situation here.