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A comment on Tether starting to lose its peg too, after Terra did. Parent comment

Re:Tether starting to lose its peg too, after Terra did by ceejayoz on Thursday May 12, 2022 @06:21AM (#31351794)
Banks don’t claim otherwise for years while providing misleading non-audit “audits”, and they have the FDIC to fix things for anyone under $250k if they collapse.
[ Parent | on HN ]
Re:Tether starting to lose its peg too, after Terra did by unmole on Thursday May 12, 2022 @06:28AM (#31351846)
Tether in all probability is a scam. My comment was in response to a very specific claim about what it means for a security to be backed.

Something backed by commercial paper is by definition backed.

[ Parent | on HN ]