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Topic: Tether 1:1 recourses (Read 158 times)

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Activity: 94
Merit: 10
October 16, 2017, 02:46:26 PM
#1
Tether hold all resources that in actual USD so that it is backed 1:1. How does this technically happen? If if buy 1 tether for x amount satoshi, does tether then sell the x amount satoshi right away in order to keep a ‘stock’ of USD that supports the amount of tether in a 1:1 relation.
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