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This is plainly false. You can use any search engine and cap the date at 2020 and search tether fully backed. https://duckduckgo.com/?q=tether+fully+backed&t=f

• jiggawatts 4y ago
  "Tether says" is the crypto equivalent of "Putin says". Nobody believes them, especially since the company lied repeatedly in the past. They lied about the co-ownership by Binance, they lied about printing money out of thin air, they lied about getting a proper audit, and all but a few of the founders are fraudsters with a history of lying.
  • andirk 4y ago
    We're not saying it is actually backed 1:1 by USD or another fiat or anything. We're saying that Tether _claims_ such.