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Re:Tether Withdrawals Top $10B by pyrrhotech on Tuesday May 24, 2022 @01:38PM (#31495145)
That's how it should work. What if instead, multibillion dollar exchanges that have a vested interest in keeping the price of crypto propped up instead paid Tether much smaller numbers to print out of thin air and create artificial demand during any price drops?
Re:Tether Withdrawals Top $10B by vkou on Tuesday May 24, 2022 @02:42PM (#31495949)
That is a fascinating hypothetical that an audit of tether would either prove or disprove.

The fact that tether has never been audited makes the former more likely than not.