Even backing by other assets isn’t a big deal as long as they’re liquid assets or the interest they’ve been earning is enough of a buffer for the difference.
It’s like panicking because you’re because your bank only has $30k cash onsite, or your money market fund is only 3% cash.
Disclaimer: I’m still slightly short Tether, just think this a bad reason to be. Search my history for the details.
It’s like panicking because you’re because your bank only has $30k cash onsite, or your money market fund is only 3% cash.
Disclaimer: I’m still slightly short Tether, just think this a bad reason to be. Search my history for the details.