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That's not so accurate. The real pegging is by exchanges which deposit real dollars back into your bank account. You know the real mayhem starts when the exchan
by machina_ex_deus 4y ago
That's not so accurate. The real pegging is by exchanges which deposit real dollars back into your bank account. You know the real mayhem starts when the exchanges start stopping withdrawals.
- Waterluvian 4y agoAre exchanges obligated to conduct a trade? Ie. Are they like a bank, holding your deposit? Or are they like a third party FX booth at an airport? If the latter, how is this not the most perilous currency to hold?
- deleted 4y ago[deleted]
- lolc 4y agoThether is not Dollar. Nobody is obliged to give you Dollars for Thether. Until you make the deal. Banks are not obliged to exhange currencies for you either, by the way. Many do, at a rate favorable to them.
- Waterluvian 4y agoRight. So it’s definitely an “exchange” and not a “we’re giving you your deposits back.” Thanks.