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A comment on $3B in Bitcoin was sold in a last-ditch attempt to save UST from collapse. Parent comment

Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by jpmattia on Monday May 16, 2022 @01:18PM (#31400521)
> They claim that 100% of the assets are backed by US dollar cash deposits.

Still? (ie link?)

All I see is: “All Tether tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether's reserves.” (link here: https://tether.to/en/transparency/)

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Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by albroland on Monday May 16, 2022 @03:10PM (#31401953)
Yeah, they continuously try to rewrite history. The original whitepaper directly stated "Each tether issued into circulation will be backed in a one to one ratio with the equivalent amount of corresponding fiat currency held in reserves by Hong Kong based Tether Limited."

For further reading, see the CFTC settlement

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Re:$3B in Bitcoin was sold in a last-ditch attempt to save U... by GaylordTuring on Monday May 16, 2022 @08:18PM (#31404588)
The fact that this comment is downvoted means that at least some people here doesn’t understand how to use the downvoting function. I think the comment highly contributed to the discussion by pointing out what Tether states today (and asking for more information if available). How is this not a constructive comment?
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