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A comment on Crypto.com Will Delist Tether in Canada. Parent comment

Re:Crypto.com Will Delist Tether in Canada by Galanwe on Tuesday January 10, 2023 @08:39PM (#34333975)
Tether did complete audits.

The results are mixed. They have a mix of treasuries, junk bonds and cash. Definitely not as risk free as they should be, but not to the point where you could call it a Ponzi.

Overall a global move to another stable coin would be good, but it takes time.

A state managed stable coin backed by the BCE or fed would really help.

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Re:Crypto.com Will Delist Tether in Canada by ABeeSea on Tuesday January 10, 2023 @09:12PM (#34334231)
They did an attestation which is not an audit.
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Re:Crypto.com Will Delist Tether in Canada by JumpCrisscross on Tuesday January 10, 2023 @09:36PM (#34334386)
To underscore this, any of us could trivially pass an attestation for an arbitrary amount by having related entities write us IOUs. (We know Bitfinex did this a few years ago.)
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