Re:Tether's USDT Stablecoin Slips from $1 Peg
by bunderbunder on Thursday November 10, 2022 @09:15AM
(#33546719)
It found that they are seemingly desperate to prevent the public from finding out what’s actually on their balance sheet.
I guess folks need to make their own decisions about whether being shy of sunlight suggests a need or a lack of need for disinfectant.
(Also, the original claim I was responding to was not that USDT is not backed by BTC or ETH, it was that USDT is backed by currency reserves. I don’t really know enough about these things to know if the goalpost needed to be in its original position, but I do feel obligated to point out that I see it moving.)
I guess folks need to make their own decisions about whether being shy of sunlight suggests a need or a lack of need for disinfectant.
(Also, the original claim I was responding to was not that USDT is not backed by BTC or ETH, it was that USDT is backed by currency reserves. I don’t really know enough about these things to know if the goalpost needed to be in its original position, but I do feel obligated to point out that I see it moving.)