The resilience of stablecoins and whether or not they’re backed by a pile of reliable cash is a matter of debate within the cryptocurrency trade. is meant to intently observe So if an investor places say $10 billion right into a stablecoin, theoretically he ought to have $10 billion backing it up someplace. The biggest stablecoin, Tether’s USDT, has been plagued for years by issues that it’s not absolutely backed. He was pressured to pay a fantastic of $18.5 million after he was found to have falsely claimed to be absolutely backed by a 1:1.
