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0 pointsshkkmo3y 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.

0 comments

retube3y ago

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

TrapLord_Rhodo3y ago

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

j / k navigate · click thread line to collapse

0 pointsshkkmo3y 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.

0 comments

retube3y ago

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

TrapLord_Rhodo3y ago

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

j / k navigate · click thread line to collapse