₿eni₿idi₿ici on Nostr: 1) its not “backed” in that you cannot exchange your tether for the debt, and 2) ...
1) its not “backed” in that you cannot exchange your tether for the debt, and
2) its a circular digital fiat in this way: tetherCo issues a digital tether token, fed issues debt for fiat; tetherCo uses the fiat received to buy debt. End result is conversion of fiat to digital fiat.
Published at
2025-02-14 15:36:25Event JSON
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