Re:Tether Fined $41M for Lying About Reserves
by _3u10 on Friday October 15, 2021 @04:06PM
(#28882507)
Isn’t the basis of the business that tethers are exchangeable for USD? Have they failed to provide USD when asked?
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Re:Tether Fined $41M for Lying About Reserves
by tdeck on Friday October 15, 2021 @06:22PM
(#28883821)
Essentially yes. They throw up all kinds of roadblocks to make it difficult to exchange tether for cash in order to preserve the facade.
Just one article I found: https://www.google.com/amp/s/micky.com.au/irredeemable-why-i...
Re:Tether Fined $41M for Lying About Reserves
by orthecreedence on Friday October 15, 2021 @06:48PM
(#28884034)
Wait, has anybody ever in the entire existence of Tether actually withdrawn their USDT for USD??