Does it matter if Tether has dollars to “back” USDT? What’s backing your dollars in Wells Fargo? Whole lot of nothin.
-Reserve Requirements
-As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
Does it matter if Tether has dollars to “back” USDT? What’s backing your dollars in Wells Fargo? Whole lot of nothin.
-Reserve Requirements
-As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm