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A comment on 66% of all Tether (USDT) have been printed in the last 6 months. Parent comment

Re:66% of all Tether (USDT) have been printed in the last 6 ... by kanwisher on Sunday February 21, 2021 @11:18AM (#26214580)
Pretty sure Binance is now BUSD for all deposits, their own USD token
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Re:66% of all Tether (USDT) have been printed in the last 6 ... by ur-whale on Sunday February 21, 2021 @11:25AM (#26214660)
>BUSD for all deposits, their own USD token

Which, goes without saying, is fully backed by USD reserves and properly audited ?

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Re:66% of all Tether (USDT) have been printed in the last 6 ... by PeterisP on Sunday February 21, 2021 @11:45AM (#26214889)
Kind of, see the monthly attestations at https://www.paxos.com/attestations/ . It's significantly better than USDT, but IMHO not fully at a level where you can say "properly audited" without any caveats.
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Re:66% of all Tether (USDT) have been printed in the last 6 ... by dustymcp on Sunday February 21, 2021 @11:46AM (#26214896)
Atleast until the inevatible hack
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Re:66% of all Tether (USDT) have been printed in the last 6 ... by ur-whale on Sunday February 21, 2021 @02:04PM (#26216127)
>Atleast until the inevatible hack

LOL, yeah, I always forget about this one.

This, btw, is also something that makes crypto "different": the exchange can always pretend it wasn't a scam and blame it on a hack.

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