Custodian
Stablecoins
2 references
A regulated entity that holds assets on behalf of others, such as stablecoin reserves. Custodianship affects operational and counterparty risk.
Appears in 2 whitepaper sections
$USDT
Tether
Abstract
...posit by Tether Limited, the Hong Kong-based company that serves as the central custodian and issuer. Tethers can be redeemable for the underlying fiat currency, or if t...
Introduction
...ges and risks inherent in a system that, by design, requires trust in a central custodian -- a property that places Tether in deliberate tension with cryptocurrency's et...
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