Nicholas on Nostr: Wouldn't it be quite difficult to "hide" $118Bn of assets that supposedly back ...
Wouldn't it be quite difficult to "hide" $118Bn of assets that supposedly back Tether?
I, for one, find it difficult to move a couple of thousand dollars without being questioned.
A problem is even if they did have $118Bn bank deposits, their bank could fail. Concern over USDC's bank failing caused them to de-peg. There isn't a sure way to peg a stable coin. Each comes with it's own liquidity risk.
That is why Bitgold was experimental, where Bitcoin is the real thing.
I, for one, find it difficult to move a couple of thousand dollars without being questioned.
A problem is even if they did have $118Bn bank deposits, their bank could fail. Concern over USDC's bank failing caused them to de-peg. There isn't a sure way to peg a stable coin. Each comes with it's own liquidity risk.
That is why Bitgold was experimental, where Bitcoin is the real thing.