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Because their banks keep shutting down their accounts. They've been playing whack-a-mole with regulators for a long time, and they probably view the NYAG's requ
by darawk 6y ago
Because their banks keep shutting down their accounts. They've been playing whack-a-mole with regulators for a long time, and they probably view the NYAG's request as a backdoor way to find out where and how they're banking in order to shut them down.
- 35fbe7d3d5b9 6y agoSo nobody knows if Tether is backed because: * it isn't and Tether wants to keep people in the dark * it is, but a hammer is ready to fall that probably involves OFAC freezing funds Any other options I'm missing? Because neither of those look good.
- darawk 6y agoPeople have been saying this for years now. Not only has nothing materialized, but the price has barely ever deviated from the 1:1 peg.