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Re:Tether executives said to face criminal probe into bank f... by acheron on Monday July 26, 2021 @11:02PM (#27968178)
You have to pay the taxman on April 15. He’s going to want US dollars. If you don’t pay up, the men with guns come.

That’s “backing” more real than shiny yellow metal.

Re:Tether executives said to face criminal probe into bank f... by staplers on Thursday August 05, 2021 @02:31PM (#28077652)
So one could say the US dollar is backed by violence? Also, you didn't address reserve requirements.