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0 pointsshkkmo4y ago0 comments

Except that Tether has no legal requirement to allow you to redeem their coins, aren't 100% backed by USD, and has a history of lieing about their backing.

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2 comments · 1 top-level

retube4y ago· 1 in thread

Sure, they're unregulated with little or no oversight and could be spunking it all tropical islands, but that's the theory :)

TrapLord_Rhodo4y ago

That's the point of an algo stablecoin. I can see the code and have direct oversight.

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