4 ms·
Tether has accounting problems and remains a systemic risk. But this is mitigated by several factors. First, they are semi-audited and most educated guesses sug
by anythingdude321 6y ago
Tether has accounting problems and remains a systemic risk. But this is mitigated by several factors. First, they are semi-audited and most educated guesses suggest they are collateralized one-to-one with $ at 70% or more. Second, tethers have become less systemically important over time, as other, better audited (or collateralized) stables have taken market share — this trend will likely continue. Third, tether brr doesn't compare to Fed brr and never will be able to, so ultimately, this won't matter in the long run.
- Siira 6y agoSources I’ve seen say Tether has been completely un-audited for years and only a fool will think they’ll keep collateral dollars for their Ponzi scheme.
- safog 6y agoAny sources for this? I've been trying to read up to understand how / when Binance decides to print USDT and what they do with it once it's on their exchange. e.g., https://twitter.com/whale_alert/status/1333809716301094912 https://twitter.com/whale_alert/status/1333809716301094912