Riccardo
Wed Apr 23 2025
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6 answers
1745
Who is backing up XRP?
I'm curious to know who is supporting or backing up XRP. I want to understand the entities or individuals that are behind this cryptocurrency, as it could give me insights into its stability and future potential.
BlockchainBaronessGuard
Wed May 29 2024
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7 answers
1130
Who is backing up USDT?
Who exactly is backing up USDT, the popular stablecoin? Is it a consortium of leading financial institutions? Or are we looking at a more decentralized network of supporters? What kind of collateral is being used to secure the pegged value of USDT to the US dollar? And how transparent is the process of these backups? Are there regular audits conducted to ensure the solvency of the reserves backing USDT? Furthermore, are there any known risks associated with the entities backing USDT that investors should be aware of? Lastly, given the volatile nature of the cryptocurrency market, how resilient is the backing of USDT to potential shocks or crises?
