You are viewing a single comment's thread from:

RE: Daily Crypto Markets Live Blog: Let Us Discuss Stablecoins (09/14/21)

in LeoFinance • 3 years ago

USDT, USDC, etc...who knows? Those things could be backed 1 for 1 or they could be on the fractional reserve racket like our legacy banks

USDT and USDC could be issued on a 1 to 1 based with fiat USD, but fiat USD itself is a product od franctional reserve banking. Doesn't that affect USDT and USDC as well?

Posted Using LeoFinance Beta

3 years ago in LeoFinance by
$0.00
    Reply 1
    Sort:  
  • Trending
    • [-]
     3 years ago  

    See? Hard to trust something that is probably backed by a fraction of a fraction. lol

    Posted Using LeoFinance Beta

    $0.00
      Reply