Tether was the latest crypto darling. The founders claimed that Tether was stable and secure because it was backed by its cash equivalent. However, the founders have recently walked that back. The crypto currency is still backed, but it's no longer all about cash.
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Sharkbait
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I don't believe that Tether is stable because the cash that has its back can come down. The USD is not as strong as before with the Chinese booming economy today. I won't be surprised if the CNY will become the backbone of the world's economy.
EyeForAnEye
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Cryptocurrency is all over the place. It always seems to be on a rollercoaster ride. I don't quite understand it, to be honest. What makes one more valuable than another?
Sphera
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The backup phrase reminds me of an earlier article about Facebook's own cryptocurrency. It feels like no physical asset can support cryptocurrency that much since everything may go down someday. If anything, it makes these currencies a riskier... See more