learn
Background reading, from public sources.
Gether spends against the stocks, crypto and cash you hold. These are the sources a first-time reader asks for, written by other people.
Page Updated
stablecoins
What is a stablecoin?
A stablecoin is a token issued to hold one fixed value, here one US dollar.
- Stablecoin
The plain definition, the main designs, and how each one has failed.
Wikipedia
- The next-generation monetary and financial system
A central bank view of what stablecoins do well and where they fall short of money.
Bank for International Settlements, Annual Economic Report 2025
- USDC reserves
What the issuer of USDC publishes about the assets held against the tokens in circulation.
Circle
stocks as tokens
What is a stock held as a token?
A tokenized stock is a token that tracks a share and is issued by a third party.
- Stock
What a share of a company is and what owning one confers, before any token enters.
Investor.gov
- Stocks as tokens: a regulator's statement
A token that tracks a share is still a security, and the token's issuer sets its terms.
U.S. Securities and Exchange Commission
- Blueprint for the future monetary system
How assets are represented as tokens on a shared ledger, and what that changes.
Bank for International Settlements, Annual Economic Report 2023
spending against collateral
How does spending against what you hold work?
What you hold is valued, counts for a share after a haircut, and the card spends against that share.
- Securities-backed lines of credit explained
Borrowing against a portfolio instead of selling it, and what happens when the portfolio falls.
FINRA
- Margin
The general idea of spending against holdings, and the call that follows a fall in their value.
Investor.gov
- Haircut
Why a lender counts an asset for less than its full value, and how the share depends on how much the asset moves.
Wikipedia
- Capital gains and losses
Selling is what creates a taxable gain. The tax authority's own page on how a gain is worked out.
Internal Revenue Service
custody
Who holds what?
Assets you deposit are held by Gether together with other members' assets, and you hold a balance with Gether rather than a key.
- Custodian
What it means for a company to hold assets on your behalf, in one paragraph.
Investor.gov
- Crypto assets
What a regulator wants a holder of crypto assets to understand before they hold any, including who holds the keys.
Investor.gov
- Understand the risks of virtual currency trading
The risks of holding a balance with a company rather than holding the asset yourself.
U.S. Commodity Futures Trading Commission
answers
Questions a first-time reader asks, answered by us.
One question per page, in the site's own words, and a glossary of every term the pages use.
- Spend stocks without selling
How a position pays without a sale
- A card backed by stocks
Stocks as tokens behind a card
- Stocks as collateral
What a locked token counts for
- A card backed by crypto
Ether and bitcoin as collateral
- A securities-backed line versus a card
How the two differ, plainly
- When prices fall
Watch, then a decline, then a sale
- What is a haircut
The share held back as a cushion
- Glossary
Every term the site uses, defined
Every link on this page answered on 2026-09-06. Each opens the source in this tab.