News for hackers. Stuff that matters.

A comment on Tether is now the 17th largest holder of US debt. Parent comment

Re:Tether is now the 17th largest holder of US debt by tock on Wednesday October 29, 2025 @12:01PM (#45748675)
It isn't linked to the value of a US dollar. It is the US dollar. The value of 1 token will always be 1 USD. If the US economy collapses the USD will be less valuable but again: 1 token is still 1 USD.
[ Parent | on HN ]
Re:Tether is now the 17th largest holder of US debt by tos1 on Wednesday October 29, 2025 @12:14PM (#45748902)
As with any good (and especially "currency"), it's only worth 1 USD as long as somebody (including the issuing company) is willing to give you 1 USD for it. Even if it is "linked", "pegged" or called something else.
[ Parent | on HN ]
Re:Tether is now the 17th largest holder of US debt by tock on Wednesday October 29, 2025 @12:17PM (#45748949)
I mean sure. Your logic applies to plain treasury bonds as well.
[ Parent | on HN ]