If Tether is buying federal treasuries and issuing stable tokens, this is no different than what the federal reserve does.
Stablecoin companies are Fed2.0
If Tether is buying federal treasuries and issuing stable tokens, this is no different than what the federal reserve does.
Stablecoin companies are Fed2.0
Fed can create their own dollars, tether can't. Fed accepting treasuries makes the system interconnected between the public and private banking system.
