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Tether is a company that created a cryptocurrency (USDT) pegged to USD that is a popular substitute for trading fiat USD on cryptocurrency exchanges. Friedman L
by deckar01 9y ago
Tether is a company that created a cryptocurrency (USDT) pegged to USD that is a popular substitute for trading fiat USD on cryptocurrency exchanges. Friedman LLP is the accounting agency that was supposed to be auditing Tether's USD holdings to ensure they were maintaining a full-reserve (1 USD in holding per 1 USDT in circulation).
https://tether.to/announcement-transparency-update/ https://tether.to/announcement-transparency-update/
- jameskilton 9y agoAnd with no audits and some very sketchy behavior, the thinking is that there are hundreds of millions of Tether in circulation without any subsequent backing USD. https://twitter.com/bitfinexed https://twitter.com/bitfinexed
- ufo 9y ago(It is up to 2.2 Billion now!)