Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Jentot on August 15, 2020, 06:08:35 PM

Title: Tether CTO Explains Where Collateral for Newly Minted USDT Comes From
Post by: Jentot on August 15, 2020, 06:08:35 PM

Tether CTO Explains Where Collateral for Newly Minted USDT Comes From

Tether CTO Paolo Ardoino has answered a question from a Twitter user who asked him to explain how Tether can be minting so many new USDT, comparing the company to the Fed

See more for yourself here (https://cryptopanic.com/news/9682915/Tether-CTO-Explains-Where-Collateral-for-Newly-Minted-USDT-Comes-From).

Title: Re: Tether CTO Explains Where Collateral for Newly Minted USDT Comes From
Post by: aiviaa485 on August 20, 2020, 03:57:00 AM

I think the person who asked that question is indeed very smart and critical in thinking.
I am also very interested in discussing this because if Tether was created just like that without any original Fiat collateral, it means that Tether is just an empty coin with no USD value.

If that explanation can't be answered by the team from Tether then I think it's a big mistake they created Tether.