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
Tether stores its reserves in Treasuries. According to the latest report, this is more than $56 billion. This can be called an informal agreement and most of the money will work for the American economy.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
https://tether.to/en/tether-q3-attestation-reveals-highest-percentage-of-cash-and-cash-equivalent-reserves-over-330m-reduction-in-secured-loans-and-maintains-726b-exposure-in-us-t-bills/
I cannot blame the company for this, because these are the rules in the market.
If there are problems with the US economy, then most of the assets will lose value and the USDT will lose its peg to the dollar.