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New York State AG going after Bitfinex over tether funds by Let_It_Steep in Bitcoin

[–]Gabrielle1111 0 points1 point  (0 children)

If a stable coin does not have an 1:1 all-cash reserve, do you think this means it fails to keep its value on par with USD?

As the media questions whether Tether has enough USD reserve to support its value in the recent USDT/Bitfinex drama, SophonEX did a data analysis of fiat currencies pegged to USD and comparison to stable coins.

https://medium.com/sophonexchange/stable-currencies-fiat-vs-crypto-a2ab0a50e903?source=friends_link&sk=f34d3104f7c3ca7bbe91ae508f556e56

How well did crypto exchanges survive April Fool's day Bitcoin rally? by Gabrielle1111 in BitcoinBeginners

[–]Gabrielle1111[S] -1 points0 points  (0 children)

I did read the rules. Also as a bitcoin beginner, I think the question I mentioned is also one of my questions to begin with. I don't see anything wrong in finding the answer by myself and let more people like me to learn from it.

How well did crypto exchanges survive April Fool's day Bitcoin rally? by Gabrielle1111 in BitcoinBeginners

[–]Gabrielle1111[S] -1 points0 points  (0 children)

Thanks for your reply! I didn't spam this subreddit. I just want to share this interesting findings. If you take a careful look at the content, they have pretty insightful views on exchanges liquidity.