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That’s an often stated truism that is false. You could have a situation where Tether is 80% capitalized, in which case one USDT is worth $0.80. Or a situation
by marcell 4y ago
That’s an often stated truism that is false.
You could have a situation where Tether is 80% capitalized, in which case one USDT is worth $0.80.
Or a situation where they have money locked in Treasury bonds for 1 year. In that case, the value of USDT depends on your discount rate and is around $0.95.