3 ms·

Exactly. Tether has some amazing alternatives. DAI for example.

• graeme 5y ago
  DAI is critically dependent on USDC. USDC recently received a Wells notice from SEC and had to amend their reserves. Still weird behaviour from them overall: they don’t disclose what their short term commercial paper is, its rating or how much of their cash equivalents it us. Just today in the financial times Tether claimed USDC also issues USDCs backed by crypto. And they have funny printing patterns: whenever Tether stops printing, USDC starts.
  • zzleeper 5y ago
    > And they have funny printing patterns: whenever Tether stops printing, USDC starts. I noticed that, specially recently. What's going on?
  • TimeBearingDown 5y ago
    Source for Dai being critically dependent on USDC? It’s been around years before USDC and maintained its peg through the 2017 collapse, if I recall. I know it has changed over time (multi-collateral Dai).