Hey guys,
so I know the talks about tether and whether or not they are backed and how is almost as old as Bitcoin itself.
However, this is the only risk that I cannot fully grasp or understand. I see that they minted another billion USDT in the last week.
All the other arguments of anti Bitcoiner (energy, volatility, ...) I can counter.
Is Tether also the thing you are most unsure of?
Would like some input, THANKS
Even if we were to assume that everything has always being in order when it comes to the money Tether has as its reserves, there is no way to know if this will keep being true, so the risk of Tether collapsing because of a lack of reserves will always be there, and this is true for all stable coins and centralized projects, there are simply too many examples of this through history, which is what motivated Satoshi on the first place to create bitcoin as an alternative.so I know the talks about tether and whether or not they are backed and how is almost as old as Bitcoin itself.
However, this is the only risk that I cannot fully grasp or understand. I see that they minted another billion USDT in the last week.
All the other arguments of anti Bitcoiner (energy, volatility, ...) I can counter.
Is Tether also the thing you are most unsure of?
Would like some input, THANKS