[yieldcrv]

you realize the biggest tether controversy involves them being briefly 800% more solvent than banks, instead of 1,000% more solvent than banks?

and we know that because they’ve been investigated by multiple authorities in the US and paid fines for that specific reason?

just making sure we are on the same page about the controversy

[rglullis]

Banks can be rescued by governments. Tether can not.

Banks are allowed to have fractional reserve. Tether's whole promise was that they would keep 1:1 reserves.