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The person holding the last 'dollar' in the 'dollar' Ponzi is the US Government. The person holding the last 'dollar' in the 'tether' Ponzi is a shady businessman who won't reveal his books.

Which one would you rather owe you?

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It’s offshore USD not controlled by the US government. That’s the whole point. Its users may transact USD completely outside the US’s financial tendrils. That’s the unique selling proposition, and why it’s commonly used by offshore exchanges.

It’s not the fact that the government owes you that makes USD valuable. It’s you owing the government (taxes) that makes USD desirable for you - or go to jail.

Let’s not fall for this modern monetary theory chestnut. Paying taxes didn’t save the Zimbabwean dollar. Taxes aren’t what makes money work.

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