I wouldn't trust this in the least. It's supposed to be backed by real USD to maintain it's stable price, but where did the USD to act as a reserve currency come from? Their transparency page (https://wallet.tether.to/transparency) lists 2.15 billion tether in circulation, which means they have to have a reserve of 2.15 billion USD to hold in reserve. Does it seem likely to you that they have two billion dollars in reserve to keep the price stable?
It doesn't to me. Avoid like the plague. This has scam written all over it.
Topic: The USDT problem - page 2. (Read 340 times)
USDT is leaving some people unrest.
At a glance, it's basically fiat without a trustworthy counterpart, "magic money" at will.
What's your view on this subject and what consequences may be expected?
At a glance, it's basically fiat without a trustworthy counterpart, "magic money" at will.
What's your view on this subject and what consequences may be expected?
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