News for hackers. Stuff that matters.

A comment on Tether Critical Announcement. Parent comment

Re:Tether Critical Announcement by csomar on Tuesday November 21, 2017 @07:44AM (#15747491)
That’s also wrong. Biggest tether market is bittrex followed by polo. Finex tether holdings are really minimal and for a good reason.
[ Parent | on HN ]
Re:Tether Critical Announcement by Xixi on Tuesday November 21, 2017 @09:01AM (#15747859)
Bitfinex is conflating Tether (USD₮) and USD: “Bitfinex lets you receive USD₮ from a Bitcoin blockchain address and treat them as a USD deposit. Similarly, you can withdraw funds to a Bitcoin blockchain address as USD₮.” [1]

Whether they are holding a lot of USD₮ or not, I don't know. But since they cannot receive USD, by construction their USD holdings are limited.

[1] https://support.bitfinex.com/hc/en-us/articles/213919369-Wha...

[ Parent | on HN ]
Re:Tether Critical Announcement by modeless on Tuesday November 21, 2017 @02:16PM (#15750670)
Bitfinex's Tether "holdings" are unverifiable and irrelevant anyway. What matters is what you can deposit and withdraw from their markets. It's not USD, it's Tether, and that is verifiable by anyone with a Bitfinex account.
[ Parent | on HN ]