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> ... reserves not being of zero-risk fiat as the marketing arguably implied. Not arguably implied. Literally and directly stated. Their website at the time s
by arcticbull 4y ago
> ... reserves not being of zero-risk fiat as the marketing arguably implied.
Not arguably implied. Literally and directly stated.
Their website at the time said: "every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USDT is always equivalent to 1 USD." The lie detector test determined that was a lie.
Please I'm begging you, I'd love you to reply to this but only after you read the entire NYAG settlement PDF I linked you. It is actually something of a crime thriller so I promise you'll enjoy it.