I like how no one is paying attention.ALL EXCHANGES WILL REMOVE TETHER FROM USE BY SEPTEMBER 23.Reason:
USDT (a.k.a. Tether) it is the propriety technology
of the United States Federal Reserve Bank.And after the network was bought and transferred ownership to the FED. They have a deal cut with the SEC to let them issue as much quantity as they want, just because they can print it.
Manipulation... BRRRRRRRRRRR!!!
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
que?
Exactly!
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
Everyone just got duped.
*edit: So now the logic stands like this, if BTC & other stuff is limited and USDT is unlimited. Then.. What will happen next??
![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
.... I am not the biggest fan of Jan van der Velde, and as for Raphael Nicolle and Giancarlo Devasini , they are pretty much ghosts.
Bitfinex is a zombie... ie seems they have been killed multiple times over but never die... which is curious.
But, just curious what makes you say what you say they will delist in September and why you think the FED are the real owners?
Their "commercial paper" declarations need to be audited for sure, seeing as out of the "cash & cash equivalents & deposits /commercial Paper" which apparently accounts for 83% of their holdings, well out of that only 6% is cash held in banks, and the rest is 36% commercial paper and 52% treasury bills.
Whaddya make of this ? (note that their latest reports are
far slightly more detailed than the Friedman and Deltec "letters"
https://tether.to/en/transparency/#reportshttps://tether.to/en/transparency/and this the latest "report" they commissioned, the rest of their "audits" are listed there too =
https://assets.ctfassets.net/vyse88cgwfbl/4hiNJsZ98LlZqCJHKzrLpV/2b6338482ef0093382885f80ba6f1083/Tether_Assurance-12-31-21.pdfvs the original "reports" ie =
https://assets.ctfassets.net/vyse88cgwfbl/7ow3ykSHqpJloiIunVvi0B/3e3e4738ee0b7ff1fb492e9d28757604/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf& Deltec "report" (this one is "hilarious")
https://assets.ctfassets.net/vyse88cgwfbl/RPHIloRD3eE4J5QYNRnYX/bed2f368b73776c14e067088028f8a5c/Tether-Letter.pdfInterestingly Tether issuances vs redemptions are apparently around 20:1 atm, with the two largest buyers being
Cumberland Global (DRW investments) and Alameda.
Personally, not a fan of the Tether system.... nor Bitfinex, I got royally butt fucked by them years ago.
But then I am not sure on Bitfinex'd either tbh.
I do not imagine that Tether going down should it happen is going to be pretty at all , least not in the short to medium term.
I hold exactly zero tether, but would be interested in reading any source material you have though...