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> are required to keep on hand sufficient equity for a percentage of their risk-weighted assets Define "sufficient", give it an actual number... > Tether has

> are required to keep on hand sufficient equity for a percentage of their risk-weighted assets Define "sufficient", give it an actual number... > Tether has disclosed a capital ratio of approximately 0% NYAG accounted for 90% of their assets with that big case last year didn't they?

tptacek 4y ago
You didn't say "banks are no longer required to keep sufficient reserves". You said they were no longer required to keep reserves at all.