Hacker News new | ask | show | jobs
by sethgecko 1989 days ago
Yes it is backed because when they print a new tether they sell it for 1$ which they put it in their treasury.
1 comments
mekster 1989 days ago
No, people sell BTC to get Tether, in which case, what did the previous BTC owner buy if it's not backed up with USD?
link