Tethers aren't dollar-backed, are they? You just create as many tethers as you w...

stavros on May 24, 2022 | parent | context | favorite | on: Tether Withdrawals Top $10B

Tethers aren't dollar-backed, are they? You just create as many tethers as you want out of thin air, and you sell them for a dollar each. If people want to sell them back, you (presumably) have the dollars still.