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.
Nicholas /
npub1nl…qq7ay
2024-09-16 11:03:39
in reply to nevent1q…dlhp
Author Public Key
npub1nlch0l8fj86x4ew2f5kxdn4q3vwmprkz0v7hsm9vcry62xee683qmqq7ayPublished at
2024-09-16 11:03:39Event JSON
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