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Yes, and how do you think that's attainable when the value of the dollar is always in flux, much of the collateral is corporate paper, and trying to liquidate w
by salawat 4y ago
Yes, and how do you think that's attainable when the value of the dollar is always in flux, much of the collateral is corporate paper, and trying to liquidate will result in price movement of the underlying collateral?
Frankly, it seems to me stablecoins are a market pipedream.
- rtkwe 4y agoUSDT doesn't even have to liquidate the corpo paper if it gets that far. Their agreement says they can just hand you the paper itself and call that settled, then it's up to you to turn that into real money. https://tether.to/en/legal/#:~:text=Tether%20reserves%20the,in%20the%20Reserves https://tether.to/en/legal/#:~:text=Tether%20reserves%20the,...