Do you believe a stablecoin that relies on a fiat backing should always disclose its banking partners transparently? Why or why not? To be clear: this isn’t a Tether question. It’s a fiat backed stablecoin question.
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Replying to @CasPiancey
Everybody in fintech wants to own the entire customer relationship but equally everybody in fintech puts all the answers about custody, etc, in the fine print and will happily read them to you if asked. Boggles mind that an aboveboard firm would obfuscate on that sort of thing.
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Replying to @patio11 @CasPiancey
e.g. If you use a newer brokerage it’s unlikely they have your money; Apex has your money. Startups which have bank-like products have some licensed partner on the backend, often on footer of home page. (“Banking services by...”)
6:30 PM - 29 Oct 2019
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