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Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks

 
Anonymous Coward
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05/01/2021 10:52 AM
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Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks
Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks --Olga Kharif

(Bloomberg) -- Tether, the crypto stablecoin backed one-for-one by fiat currencies, surpassed $50 billion in circulation, a sum that’s more than the insured deposits at all but 44 of the thousands of U.S. banks.

[link to news.yahoo.com (secure)]
Anonymous Coward
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05/01/2021 10:56 AM
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Re: Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks
Not sure I would call any coin stable that is tethered to fiat, about to be trash cash.
T-Man
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Netherlands
05/01/2021 10:59 AM

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Re: Crypto’s Shadow Currency Surges Past Deposits of Most U.S. Banks
ooh someone else posted about this the other day too.
i guess he was right

https://imgur.com/fKkY6iL


Last Edited by T-Man on 05/01/2021 11:00 AM





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