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Yes. I'm excited for the next steps of stable coins. People always ask "What if Tether isn't 100% backed by Dollar?!" The more interesting question is "What

by k__ 5y ago

Yes. I'm excited for the next steps of stable coins. People always ask "What if Tether isn't 100% backed by Dollar?!" The more interesting question is "What if the Dollar is shit?!"

anonporridge 5y ago
"But Tether's not backed by anything and they can arbitrarily print more of it!!!!" "...do...do you not know how the actual dollar works..."
- el-salvador 5y ago
  It's easier to find the audited FED's balance sheet than Thether's. https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm https://www.federalreserve.gov/aboutthefed/audited-annual-fi...
- dmitriid 5y ago
  Actual dollar is backed up by: - state monopoly on violence and - one of the world's largest economies Tether is backed up by?