Tether man
@FatTetherMan
Providing research, updates, and analysis on the Tether token as it builds up. Views are my own opinions. Do your own research.
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NOW: Inflation reaches 9.1%, being at the highest the US has seen in 40 years.
Legit companies get audits because that's what legit companies do. Scams don't get audited because people would notice the scam. Therefore #Tether can't ever get an audit. Pretty simple to me.
Bullish? more like BULLSHIT $USDT #Tether
JUST IN: #Tether says it liquidated its loan with Celsius Network without losses to the company and minimizing the impact on the market.
A considerable drop in the number of major accounts holding $USDT indicates that traders are starting to realize is nothing but a scam and lose their faith in it, which WILL pressure #Tether’s redemption mechanism and de-peg the token Don't make me say I told you so #Crypto ..
7/ In more than one month Tether processed 16B in redemptions (~19% of our total reserves), again proving that our operations, portfolio, banking infrastructure and team are solid and battle tested.
It shouldn't be "almost impossible" if you have the liquidity available at all times. Stablecoin providers should have a 90%+ reserve requirement. #cryptocurrency
6/ But as we always said, Tether had/has in fact >= 100% of the backing, never failed a redemption and all USDt are redeemed at 1$. In 48 hours Tether processed 7B in redemptions, averaging 10% of our total assets, something almost impossible even for banking institutions.
Paolo is claiming that the 4.5 billion USDT tokens sent to Bitfinex were burned and not moved. But the blockchain shows that they were actually moved to Bitfinex Please consider what is wrong with this accusation.
The stablecoin’s market value has dropped despite repeated attempts by #Tether to reassure investors over the stability of its reserves. A report last week suggested that more short sellers are betting against $USDT #cryptocurrencies
While USDT has since largely recovered from the de-peg in May, some of us are still uncertain over the nature of its reserves and reasons why they're not open over what assets back the "stablecoin".
$USDT is still trading marginally below its dollar peg, and has been for nearly two months. It is also trading at a discount to $USDC and $DAI #cryptocurrencies
Anyone else in the space thinks ether is a scam or just me? $USDT #cryptocurrency
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