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A comment on Tether ordered to produce documents showing backing of USDT [pdf]. Parent comment
that's true, but only because the US (and the Feds) have had a good history of managing the system well (enough at least).
And if that's the case, USDT is basically USD. It's the same reason why the USD is a reserve currency in the world today.
Tether is attempting to tap into that reserve currency trust (ostensibly, to generate profit for themselves).
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that's true, but only because the US (and the Feds) have had a good history of managing the system well (enough at least).
And if that's the case, USDT is basically USD. It's the same reason why the USD is a reserve currency in the world today.
Tether is attempting to tap into that reserve currency trust (ostensibly, to generate profit for themselves).