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A comment on Tether Says Stablecoin Is Only Backed 74% by Cash, Securities. Parent comment

Re:Tether Says Stablecoin Is Only Backed 74% by Cash, Securi... by bb88 on Tuesday April 30, 2019 @07:32PM (#19793070)
The point of having the reserves in US Dollars is that Tether could theoretically buy back surplus USDT's from an exchange that trades in it. Otherwise an exchange could be left holding millions of worthless USDT with no means to move that back to US dollars.
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