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0 pointsnlitened4y ago0 comments

I believe, in your analogy Tether _is_ the central bank. They don’t need a fall back, they print the money.

0 comments

Well, they don't print the USD. But you're right, perhaps a better analogy for what people mean is a central bank trying to maintain a currency peg. Which also often ends badly...

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0 pointsnlitened4y ago0 comments

I believe, in your analogy Tether _is_ the central bank. They don’t need a fall back, they print the money.

0 comments

atq21194y ago

Well, they don't print the USD. But you're right, perhaps a better analogy for what people mean is a central bank trying to maintain a currency peg. Which also often ends badly...

j / k navigate · click thread line to collapse