Tether has asked courts to protect confidential information of private companies.

Community Reaction:  Likes of Tether and Binance undermine crypto’s long term success by making a quick buck with speculation and outright machinations.

There is no proof of speculations There are no signs of speculations and the tether works for a long time so they are not making a “Quick buck”.

The main Tether consumers are major businesses, so it is not surprising that they are protecting the rights of their customers.

Tether has this right as the company. And we should respect the rights of others. If you want to know about its assets just read their latest report.

Tether is backed even better than banks and still you find a way to create FUD and hate it. They already published the required information on reserves. Those who have concerns should go and read it.

Tether asks to keep their shady business shady.

It’s not shady at all. Tether did nothing wrong and I don’t know why you all hate it so much.  You hate tether for months and still, nothing has happened to it. It’s only growing.

If their reserves get exposed the first thing that will happen is major shorts on the underlying corporate bonds, stocks, etc, when that happens, they get crushed, followed by Tether becoming unstable, and then the entire crypto market crashing followed by issues traditional.

Technically, Bond holdings are never a secret for any company when they actually exist. It’s definitely more transparent than other stable coins.

You honestly think there’s no danger in information on private corporate bonds being in the hands of tether being made public for hedge funds to short the underlying company? – that’s cute.

The danger is people understanding who actually owns these businesses and then you start to wonder why no one is talking about the fact that Mastercard had got all this cleaned up.

They are transparent. They already showed documents when they are described their assets. So, they are more transparent than other stable coins.

They want to protect PRIVATE information. Not a public one. Don’t you understand? Or every news is just a new reason to hate Tether?

How dare your 80 billion ‘dollars’ in reserves be visible to any of your ‘clients.’ They don’t deserve to know anything.

Didn’t they publish an insurance report? Go and read it, they described its assets.

If your stable coin is backed by assets that need to be kept secret for competitive reasons, it means they aren’t stable. Why would you need to hide the fact that you own treasuries, cash, AAA bonds, etc? Why would competition even care? Everyone holds those.