4 ms·
The problem is those two companies that bought most of it have the power to prematurely end that time interval whenever that makes financial sense for them.
by turminal 5y ago
The problem is those two companies that bought most of it have the power to prematurely end that time interval whenever that makes financial sense for them.
- Spivak 5y agoHypothetically speaking if Tether had been squeaky clean and open about holding a fraction backing assets in cash. These companies could have still bought a crap ton of it and caused a bank run if they wanted. That's just how fractional reserve works.