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Tether prepares for SEC lawsuit
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[QUOTE="Mika, post: 142281, member: 29399"] As far as I understand stable coins need to have an equivalent amount of fiat reserve. If there are 200 X named stable coins in circulation and if the coin is pegged $1, the x coin needs to have $2000 as fiat reserve. Sadly, a lot of stable coins do not have this reserve. I do not know about USDT, though [/QUOTE]
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