The assets an issuer holds to back every token it has issued.
储备
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| $132bn | Stablecoin issuers have quietly become America's newest big lender 储备 · 第 7 张术语卡 | Tether held $132bn of Treasuries and repos at the end of September. 看一家发行商，先看三件事：储备里有多少现金和短债、由谁托管、有没有独立审计（「鉴证」attestation 不等于审计）。储备的质量，决定挤兑时能不能真的兑付。 |