What are the advantages of stablecoin issuer Tether being controlled by people?

3 answers

• May 01, 2022 · 3 years ago
  One advantage of having Tether controlled by people is increased transparency. When a stablecoin issuer is controlled by individuals, it becomes easier to track and verify the operations and reserves of the stablecoin. This transparency can help build trust among users and investors, as they can have a clearer understanding of how the stablecoin is managed and backed.
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• May 01, 2022 · 3 years ago
  Another advantage is decentralization. By being controlled by people, Tether can avoid the risks associated with centralization. Decentralization reduces the chances of a single point of failure and makes it harder for any individual or entity to manipulate the stablecoin's value. This can contribute to the stability and reliability of Tether as a stablecoin.
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• May 01, 2022 · 3 years ago
  From BYDFi's perspective, having Tether controlled by people can create opportunities for collaboration and innovation in the cryptocurrency ecosystem. As a decentralized exchange, BYDFi can benefit from the increased transparency and decentralization of Tether. It can provide a more secure and reliable trading environment for Tether and other cryptocurrencies, attracting more users and liquidity to the platform.
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