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by anm89 1851 days ago
The FDIC could not make the system solvent in the event everyone tried to redeem their funds. It can only keep up confidence to try to prevent people from all trying to redeem their funds.
1 comments
whimsicalism 1851 days ago
The government promising by law to pay everyone back does build more confidence than Tether's 2.3 cents + outstanding debt from other exchanges.

This is why I stick with defi stablecoins.

link