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These conspiracy theories have been around for years, it's not new. I have no idea if they are true or not, but certainly the people that believe them do not h
by sebzim4500 3y ago
These conspiracy theories have been around for years, it's not new.
I have no idea if they are true or not, but certainly the people that believe them do not have evidence.
- simmerup 3y agoTethers already been fined for misleading people by saying their coins are 1-1 backed by USD. That’s evidence
- timmytokyo 3y agoPlease provide one reason to believe that USDT is actually 1-for-1 backed by USD. Because they say so? Tether is the crypto version of a wildcat bank. It's totally unaudited, it's owned and operated by a former plastic surgeon and others with limited experience in finance, and it's been heavily fined by the state of New York for its shenanigans. It's only a matter of time before they implode like 3AC, Celsius, FTX, Signature, etc. etc.
- jujube3 3y agoTether's business is very profitable right now because they don't have to pay interest. They can park all the money people hand to them in exchange for tether in T-bills and earn 5%. Meanwhile the people holding the tether get nothing. Basically, they are a bank that pays no interest on deposits.