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by robocat
1503 days ago
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There is no strong distinction in backing: USDT just has a slightly more believable story. Also the price of a stablecoin can shift from it's peg, even if it has 100% backing, when there is latency/congestion/spread/volume for the arbitrage trade. That said, there is a whole heap of plenty of evidence that USDT is not backed by dollars 1:1. |
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