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It's not really important to withdraw USDT directly into my bank account. I can simply move USDT to Binance, convert it to USDC, and then withdraw USDC using my
by marcell 6y ago
It's not really important to withdraw USDT directly into my bank account. I can simply move USDT to Binance, convert it to USDC, and then withdraw USDC using my Coinbase account.
USDC and USDT trade at basically 1:1, as you can see here: https://www.binance.com/en/trade/USDC_USDT https://www.binance.com/en/trade/USDC_USDT
FUD around Tether (like this article) is noise.
- raziel2701 6y agoTether Limited has never substantiated their claim of full-backing through a promised audit of their currency reserves. "Trust me I'm fully backed, give me your money for tether" reeks powerfully of a scam to me. I think the criticisms towards tether are fully substantiated given their lack of transparency.
- qeternity 6y agoWhat? The fact that the fraud is successful for some non-zero amount of time is not evidence that it's not a fraud. It just evidence that it's a successful one, which is precisely what's being alleged. Enron, WorldCom, et al worked until they didn't.
- crasl 6y agoAdd Wirecard to the pile too!
- 35fbe7d3d5b9 6y agoIf Tether is a scam, you're going to be hard pressed to find someone willing to sell 1:1. Like all things crypto, don't be the last one out the door.
- garmaine 6y agoYou used to be able to withdraw goxusd 1:1 as well.