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They merely claim it is fully backed.
by bagels 4y ago
They merely claim it is fully backed.
- charcircuit 4y agoNo, they also have third party attestations that it is fully backed.
- bagels 4y agoApparently those attestations are relatively recent in their history, but also not very convincing: https://www.coindesk.com/markets/2021/03/30/tether-takes-step-toward-transparency-with-first-accounting-firm-report-card/ https://www.coindesk.com/markets/2021/03/30/tether-takes-ste... "as noted later in the article the composition of Tether’s assets is not spelled out in the attestation" Meaning they may be backed by loans or fraud coins or anything.