ST Alpha - "Thank you 8-)" (Reading a Post)

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In response to "Tether I believe -- nm" by oblique

Thank you 8-)

Posted by JD (aka Jason Dean) Mar 10 '23, 12:35

Tether tokens are the most widely adopted stablecoins, having pioneered the concept in the digital token space. A disruptor to the conventional financial system and a trailblazer in the digital use of traditional currencies, Tether tokens support and empower growing ventures and innovation throughout the blockchain space. Tether tokens exist as a digital token built on multiple blockchains.

ok. so far so good

100% backed and fully transparent
All Tether tokens (USD₮) are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether’s reserves. We publish a daily record of the current total assets and reserves.

Better. Some doubts with regards to vagueness of 'fiat currency'. Sidenote: So best of both worlds, not a fiat currency but pegged to one?

and then there's a bunch of perhaps impressive looking numbers? (tether.to)

Responses:

It's all fine until your money is in a bank that goes under, right? -- nm - oblique Mar 10, 12:36 1
- Uh....I should be so lucky that my stake in a given bank exceeds the FDIC protected amount -- nm - JD Mar 10, 12:43

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Thank you 8-)

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