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by onlyrealcuzzo
1370 days ago
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Even if Tether is 90% backed (a wild supposition) - if there is a run on the bank - they don't have liquid assets, and they'd have to cash out at WAY less than 90%. This is why banks can't be backed by 100% MBSes. Tether will implode. It's just a matter of time. |
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