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It's theoretically true, but Tether at least don't seem to be doing that. They don't even claim to be backed by more than a few percent of cash, and they have n
by Grustaf 5y ago
It's theoretically true, but Tether at least don't seem to be doing that. They don't even claim to be backed by more than a few percent of cash, and they have never been audited. Imagine a multidecacorn startup that never had submitted to an audit.
- skybrian 5y agoThey traded Tether for other kinds of money, and the money went... somewhere.