Wall Street Firm Oversees Billions of Dollars Backing Tether
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Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#2[deleted]
Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#3I used crypto so a centralized wall street entity even less trustworthy than the bank has my money instead.
Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#4What is the point of crypto anymore?
Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#5What is the point of crypto anymore?
To replace government controlled currencies, same as always.
Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#6Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#7What is the point of crypto anymore?
Tether is a USD pegged stablecoin. It needs to be backed by reserves, and someone needs to manage those reserves. There is no alternative.
Re: Wall Street Firm Oversees Billions of Dollars Backing Tether
#8https://archive.md/HL307
Also worth reading: The Unusual Crew Behind Tether, Crypto’s Pre-Eminent Stablecoin