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A comment on Tether Withdrawals Top $10B. Parent comment

Re:Tether Withdrawals Top $10B by jerf on Thursday May 26, 2022 @01:11PM (#31520874)
It is yours. Again, you can't back with "deposits". If you have deposits, the depositors have a claim that encumbers the assets; you can't then "back" something with encumbered assets. You can only back a currency with unencumbered assets. And if you have unencumbered assets, why would you use them to back a currency?
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Re:Tether Withdrawals Top $10B by sudosysgen on Friday May 27, 2022 @01:19PM (#31532148)
Sure, I understand what you mean. It is still beneficial to the holder of deposits on which a small but nonzero yield is being received.
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