12 ms·
You mean now we know they’ve committed multi-year multi-billion dollar fraud against their users? I would have thought that would be a fantastic reason never t
by Nursie 5y ago
You mean now we know they’ve committed multi-year multi-billion dollar fraud against their users?
I would have thought that would be a fantastic reason never to go anywhere near the entire ecosystem, personally. Especially as their website is still doing it (or at least using weasel-words to heavily imply it) -
“All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether’s reserves.”
- tata71 5y agoTether has lost dominance, the markets are moving away from them hopefully.
- distortedsignal 5y agoCould you go into what you mean by “Lost dominance?” Looking at CoinMarketCap, it looks like they (Tether) have the largest stablecoin market cap by 50%, and their 24h volume was an order of magnitude greater than the next closest stablecoin.