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> They claim that 100% of the assets are backed by US dollar cash deposits. Still? (ie link?) All I see is: “All Tether tokens are pegged at 1-to-1 with a mat
by jpmattia 4y ago
> They claim that 100% of the assets are backed by US dollar cash deposits.
Still? (ie link?)
All I see is: “All Tether tokens are pegged at 1-to-1 with a matching fiat currency and are backed 100% by Tether's reserves.” (link here: https://tether.to/en/transparency/ https://tether.to/en/transparency/)
- albroland 4y agoYeah, they continuously try to rewrite history. The original whitepaper directly stated "Each tether issued into circulation will be backed in a one to one ratio with the equivalent amount of corresponding fiat currency held in reserves by Hong Kong based Tether Limited." For further reading, see the CFTC settlement
- GaylordTuring 4y agoThe fact that this comment is downvoted means that at least some people here doesn’t understand how to use the downvoting function. I think the comment highly contributed to the discussion by pointing out what Tether states today (and asking for more information if available). How is this not a constructive comment?