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> Tether is a scam, but no worse than the US dollar and normal banking fractional reserves... So tether insures up to $100,000 for every depositor?
by AlexandrB 5y ago
> Tether is a scam, but no worse than the US dollar and normal banking fractional reserves...
So tether insures up to $100,000 for every depositor?
- christopherwxyz 5y agoThe U.S. government insures its own currency using its own currency or security. Tether can’t do that without hurting the stability guarantee.
- bpodgursky 5y agoTether can absolutely insure its own currency by printing more Tether as needed -- it's identical to what the US government will do to protect bank deposits, by printing more dollars!
- mikeyouse 5y agoThat's actually out of date.. a decade ago, the US FDIC upped the limit to $250k per depositor.