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Re:Tether reserves backed by 2.9% cash by lifty on Friday May 14, 2021 @06:36AM (#27152774)
The OP just told you it's 0%, and he's right. Reserve requirements have been abolished for the past 2 years, and even before that, banks could easily conjure reserves when they needed. That was the whole point of the QE programs run by the Fed.

Edit: another poster linked the actual Fed announcement and it is actually 1 year since the reserve requirement has been lifted.

Re:Tether reserves backed by 2.9% cash by whimsicalism on Friday May 14, 2021 @10:45AM (#27154857)
I like how QE is becoming a catch all for "expansionary monetary policy I don't like."

Changing reserve requirements is part of conventional monetary policy, it is not QE.