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The company behind Tether is Bitfinex. Tether was founded 2014, Binance 2017. This blog post has multiple of its facts wrong or as speculation, while it is stil
by miohtama 5y ago
The company behind Tether is Bitfinex. Tether was founded 2014, Binance 2017. This blog post has multiple of its facts wrong or as speculation, while it is still a fact that Tether is super shady.
- 2OEH8eoCRo0 5y agoWhich facts does the blog post get wrong?
- i67vw3 5y ago1.) Tether and Binance have nothing to do with each other. 2.) The author correlates that Tether's market cap rose only because of Binance futures. Binance was a contributing factor, but it wasn't the only one. Tether was/is available on all exchanges as default stablecoin. All big exchages in 2018/19/20 used to only have USDT and still largely have. Recently more have startd popping up like USDC, BUSD, Pax, GUSD etc. 3.) Though, I might be wrong here.
- 2OEH8eoCRo0 5y ago1) The blog post doesn't assert that they do. The rest is speculation- which is fine, it's a blog post.
- Animats 5y agoRight, Bitfinex, not Binance, is behind Tether. Tether is a lot like Madoff's fund. Everything is just great, until there's a net outflow, which happens during a recession. Then the house of cards collapses.