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Not one person has come forward with proof they've successfully registered with the Tether redemption platform. Tether does not back 1:1, they charge 3% if you
by nosuchthing 8y ago
Not one person has come forward with proof they've successfully registered with the Tether redemption platform.
Tether does not back 1:1, they charge 3% if you can even register to "redeem" so at best it's 1.00 : 0.97
Also worth noting, Tether has removed any mention of audits on their website:
Current FAQ:
https://tether.to/faqs/ https://tether.to/faqs/
Is Tether transparent?
Yes. Tether’s platform is built to be fully transparent at all times.
Every tether is backed 100% by its original currency.
Archived page (from June):
https://web.archive.org/web/20180628141947/https://tether.to/faqs/ https://web.archive.org/web/20180628141947/https://tether.to...
Yes. Tether’s platform is built to be fully transparent at all times and is regularly audited.
Every tether is backed 100% by its original currency.