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A comment on Coinbase Drops Promise of Token’s Cash Backing That Wasn’t True. Parent comment

Re:Coinbase Drops Promise of Token’s Cash Backing That Wasn’... by gruez on Wednesday August 11, 2021 @10:01AM (#28142079)
>or asset with equivalent fair value

what's the difference between that and whatever tether's doing with their "commercial paper"? Are "US regulated financial institutions" prohibited from holding shady commercial paper?

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