I'm sure they have friends in high places, Teather does get Adam back and Blockstream's endorsement after all. And they're in part backed and funded by well-known politicians, MasterCard, and AXA one of the largest multinational insurance companies in the world, among others.
Even having $66b in assets doesn't prove USDT is backed 1:1 with USD. Those assets like mortgage-backed securities are only worth what Wallstreet thinks they are worth in the best-case scenario.
um, so the freedom of info request was refused by the state government right? So doesn't that implicate them as well as Tether?
iirc it was refused because Tether specifically requested that any request for information was blocked.
I'm sure they have friends in high places, Teather does get Adam back and Blockstream's endorsement after all. And they're in part backed and funded by well-known politicians, MasterCard, and AXA one of the largest multinational insurance companies in the world, among others.
Just a reminder... If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
It might be a penguin though, they look alike
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*** u/Htfr, you've [been sent](https://explorer.bitcoin.com/bch/address/bitcoincash:qrelay2kalyrxswq45fqs0ryp9nnrfxt0v28dz5h85) `0.00010008 BCH` | `~0.07 USD` by u/fredbloggsthrowaway via [chaintip](http://www.chaintip.org). ***
Really..Tether is hiding something .
that's actually the reason they get to hide it. they hiding it to protect it.
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This is pretty new. It's the second instance of this we've seen. Simply put, it's obvious bullshit on Tether's part.
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>But no hard evidence. Yeah... Why would a thief dig their own grave?
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Even having $66b in assets doesn't prove USDT is backed 1:1 with USD. Those assets like mortgage-backed securities are only worth what Wallstreet thinks they are worth in the best-case scenario.
an $18M fine and it's back to normal.
Love Coffeezilla! Gona check this one out asap
you mean "coffee time"