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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 Sylveste on Thursday May 12, 2022 @09:05AM (#31353529)
>If you win the bet, you won't have anyone to collect from.

They have $78B of assets, not $78T. It wouldn't rival even the smallest of national defaults. Heavy rhetoric but a bit OTT don't you think?

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Re:Tether starting to lose its peg too, after Terra did by vkou on Thursday May 12, 2022 @02:10PM (#31357913)
That money isn't in a jurisdiction you may necessarily be able to reach.

They also have no obligation to pay anyone a cent of their reserves. Any USDT->USD exchanges they do/claim to do are a courtesy, not a requirement.

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