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by rvnx 894 days ago
No matter if it is a scam or not, at the end it worked. Similar to banks which don't have enough capital.

Now Tether owns tons of money, and can buy treasuries that bring few % of interests, and these interests are not paid back to USDT holders.

As a result, overtime, they'll be able to fill-in any potential gaps or money accidentally lost.

1 comments

Impressive, isn’t it? They bootstrapped a stablecoin!

Edit: spelling