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Because the "misleading statement" (i.e. deliberate lie) is the entire basis of Tether's business. The service they claim to provide is fiat backing for their c
by tdeck 5y ago
Because the "misleading statement" (i.e. deliberate lie) is the entire basis of Tether's business. The service they claim to provide is fiat backing for their cryptocurrency and they didn't do that. That's not "a few inaccuracies", it's fraud.
- _3u10 5y agoIsn’t the basis of the business that tethers are exchangeable for USD? Have they failed to provide USD when asked?
- tdeck 5y agoEssentially yes. They throw up all kinds of roadblocks to make it difficult to exchange tether for cash in order to preserve the facade. Just one article I found: https://www.google.com/amp/s/micky.com.au/irredeemable-why-is-it-so-difficult-to-sell-one-tether-for-1/ https://www.google.com/amp/s/micky.com.au/irredeemable-why-i...
- orthecreedence 5y agoWait, has anybody ever in the entire existence of Tether actually withdrawn their USDT for USD??