RE: pHBD is 1:1 Backed with HBD On the Hive Blockchain | Mechanics Deep Dive by smooth

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Viewing a response to: @taskmaster4450le/re-belemo-6mufjg

hive-167922 · @smooth · Apr 24 '22

$0.08

Paradoxically, Tether which is truly sketchy as all fuck esp in terms of "backing", might be more secure against some regulatory risk by moving around and hiding off in some obscure financial haven and obscure shell ownership structure and carrying on (which is what it's been doing all along). USDC is very likely to do exactly what regulators say for better or worse.

👍 taskmaster4450le

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@taskmaster4450le · Apr 24 '22

$1.85

Hmm seems you are not a believer in Tether. 

The fact that Circle ran and submitted an application to comply with the banking laws shows they are likely operating on the up and up.  Doing that opens them up to audits, something they are obviously not fearful of.

Those behind Tether, I am sure they are going to fight it to the very end.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-smooth-4jlqdw)

👍 smooth
👎 xsmooth

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@smooth · Apr 25 '22

$0.19

They're just very different assets is my point here. Under different conditions each may have advantages.

👍 taskmaster4450le

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