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> In reality, teather claims their reserves are cash and cash equivalents In reality, Tether claimed that they held full reserves, in cash, audited. Then they
by user-the-name 6y ago
> In reality, teather claims their reserves are cash and cash equivalents
In reality, Tether claimed that they held full reserves, in cash, audited.
Then they failed to ever produce an audit.
Then they admitted, in court, that they did not actually have full reserves.
Then they admitted that the reserves were not actually in cash, but in "cash and cash equivalents", never specifying what exactly "cash equivalent" meant.
So we KNOW for a fact that they have lied repeatedly about their reserves. Why, exactly, would we trust anything they say about those reserves NOW? Why are you assuming they have stopped lying?