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If they bought bonds would be amazing. 99% chances there is not much left. We’ve been saying this for years so not sure when will crash. But definitively it’s a

If they bought bonds would be amazing. 99% chances there is not much left. We’ve been saying this for years so not sure when will crash. But definitively it’s a scam

delabay 1y ago
Totally, utterly, completely false. An honest discussion of this matter has no space for tether truthers stuck in the year 2015.
- disgruntledphd2 1y ago
  Can you provide their audits then please? Otherwise I'm not sure how you can be so certain.
  - delabay 1y ago
    If tether wants to maintain their dominant position (they do) then they will work to be compliant with the LAW, on a timeline deemed appropriate by the law makers. Take your conspiratorial trutherism elsewhere.
    - actionfromafar 1y ago
      The LAW is spelled "keep in good standing with the President". He might feel his little coin grifts are left behind. On a timeline deemed appropriate by the law makers is making a lot of heavy lifting here. The (GOP) lawmakers won't lift a finger to do anything unless the Leader says so.
    - SpicyLemonZest 1y ago
      You're right that Tether claims they could not previously get an audit and need the government to smooth the way (https://www.reuters.com/technology/tether-is-talks-with-big-four-firm-about-reserve-audit-ceo-says-2025-03-21/ https://www.reuters.com/technology/tether-is-talks-with-big-...), but why would that be the case? Companies get audited all the time. Tether seems to have their own "conspiratorial trutherism" in mind, where the Biden administration secretly told all the major audit firms that they mustn't allow Tether to be audited because that might make crypto look good. And even that doesn't explain why they couldn't get an audit from 2017 to 2020. To me the obvious explanation is that they would not pass an honest audit, and hope having the CEO of their primary brokerage in the Cabinet will help them cheat.
      - tim333 1y ago
        Tether's main problem is money laundering regulations, probably not so much not having the money.
    - disgruntledphd2 1y ago
      You keep calling out people who ask reasonable questions about Tether/crypto truthers. If I were you I'd probably rethink that strategy as it doesn't seem to be working out well. Like, even Enron and Wirecard passed audits, so it's pretty weird that Tether can't.
  - sunshine-o 1y ago
    I am not sure about Tether but I see Paxos provides regular reports by KPMG https://www.paxos.com/usdp-transparency#usdp-attestations https://www.paxos.com/usdp-transparency#usdp-attestations
  - evdubs 11mo ago
    The auditor BDO publishes attestations every quarter. https://tether.to/en/transparency/?tab=reports https://tether.to/en/transparency/?tab=reports
deleted 1y ago
[deleted]

If they bought bonds would be amazing. 99% chances there is not much left. We’ve been saying this for years so not sure when will crash. But definitively it’s a scam

delabay 1y ago

Totally, utterly, completely false. An honest discussion of this matter has no space for tether truthers stuck in the year 2015.

disgruntledphd2 1y ago
Can you provide their audits then please? Otherwise I'm not sure how you can be so certain.
- delabay 1y ago
  If tether wants to maintain their dominant position (they do) then they will work to be compliant with the LAW, on a timeline deemed appropriate by the law makers. Take your conspiratorial trutherism elsewhere.
  - actionfromafar 1y ago
    The LAW is spelled "keep in good standing with the President". He might feel his little coin grifts are left behind. On a timeline deemed appropriate by the law makers is making a lot of heavy lifting here. The (GOP) lawmakers won't lift a finger to do anything unless the Leader says so.
  - SpicyLemonZest 1y ago
    You're right that Tether claims they could not previously get an audit and need the government to smooth the way (https://www.reuters.com/technology/tether-is-talks-with-big-four-firm-about-reserve-audit-ceo-says-2025-03-21/ https://www.reuters.com/technology/tether-is-talks-with-big-...), but why would that be the case? Companies get audited all the time. Tether seems to have their own "conspiratorial trutherism" in mind, where the Biden administration secretly told all the major audit firms that they mustn't allow Tether to be audited because that might make crypto look good. And even that doesn't explain why they couldn't get an audit from 2017 to 2020. To me the obvious explanation is that they would not pass an honest audit, and hope having the CEO of their primary brokerage in the Cabinet will help them cheat.
    - tim333 1y ago
      Tether's main problem is money laundering regulations, probably not so much not having the money.
  - disgruntledphd2 1y ago
    You keep calling out people who ask reasonable questions about Tether/crypto truthers. If I were you I'd probably rethink that strategy as it doesn't seem to be working out well. Like, even Enron and Wirecard passed audits, so it's pretty weird that Tether can't.
- sunshine-o 1y ago
  I am not sure about Tether but I see Paxos provides regular reports by KPMG https://www.paxos.com/usdp-transparency#usdp-attestations https://www.paxos.com/usdp-transparency#usdp-attestations
- evdubs 11mo ago
  The auditor BDO publishes attestations every quarter. https://tether.to/en/transparency/?tab=reports https://tether.to/en/transparency/?tab=reports

deleted 1y ago

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