At the limit, the exchange would only redeem it at par if Tether the company can also do so, right? That's the big open question since Tether has never publicly completed an audit.
The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not to the point where you could call it a Ponzi.
Overall a global move to another stable coin would be good, but it takes time.
A state managed stable coin backed by the BCE or fed would really help.
The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not to the point where you could call it a Ponzi.
Overall a global move to another stable coin would be good, but it takes time.
A state managed stable coin backed by the BCE or fed would really help.