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Or why outright lying that every Tether was backed by a U.S. dollar is termed “misleading”. It’s incredible - they had 4x as much Tether as dollars backing it

by 300bps 5y ago

Or why outright lying that every Tether was backed by a U.S. dollar is termed “misleading”. It’s incredible - they had 4x as much Tether as dollars backing it and lied about audits taking place that never happened.

BbzzbB 5y ago
More than 7x ("at one point")
- deleted 5y ago
  [deleted]
- WalterSear 5y ago
  That was then. This is now: https://pbs.twimg.com/media/FBwhKnmXEAE1whT?format=jpg&name=medium https://pbs.twimg.com/media/FBwhKnmXEAE1whT?format=jpg&name=...
  - BbzzbB 5y ago
    The fact the number of Tethers in circulation basically never goes down even when the crypto market gets more then halved says it all as far as I'm concerned, but without an investigation it is speculation. I was referring to the ratio highlighted by the article.