Why Nostr? What is Njump?
2023-05-25 23:07:26
in reply to

やトナ on Nostr: Tether is only putting a small % above 100% reserves into bitcoin. So if they have ...

Tether is only putting a small % above 100% reserves into bitcoin. So if they have excess reserves (profit) they take a % (i think it’s like 15%) of that and buy bitcoin, so it’s not really backed by bitcoin.
Author Public Key
npub1zmsrvhdse0fhdnzqt44gt0vxpft654e0p9tuas0644229rjjz4esumasvy