Community Trust ScoreVerified
USDT is directly pegged to the US dollar, what do you think would be the problem with that?
Community Reaction: Potential Crypto investor here: I would love to see transparency regarding your exposure to Chinese Commercial Paper. Just tell the public what’s in your Reserves. Your opaqueness is not helping credibility. Tether is the de facto Central Bank for Cryptos. So, lead by example.
The only thing pegged to the USDT is criminal activities. Source? Because of a billion dollars? Cryptocurrency Tether is fined $41 million for lying about reserves.
So what? 3 years have passed. Is that the message of no show before Congress today?
I have always used USDT for liquidity mining, because USDT assets can be mined. Financial security.
I have trusted this stable coin for a long time and I like to watch its development party. I have used Tether for a while, and I don’t have any issues with it, it’s a stable coin.
Because I have been using USDT for liquidity mining, because USDT assets can be mined. Bullish. I’ve been telling people Tether to 2 dollars for ages now, but they don’t want to believe it. No but 1 Tether is 14 Liras, it is reserve bullish.
The authority to print dollars belongs to the USA. Do you have enough dollars for the Tethers you produce? Have you held a press conference about this before? Or are you planning to hold a press conference? Because people have question marks in their minds.
So, what I think they are doing, is minting Tether’s buying other coins from Bitfinex (their exchange) and then with the bought tokens, they are somehow market making the Tether peg to keep it 1-to-1, that’s why they are in need to constantly print more and more Tethers.
Please decrease the gap between real Turkish LIRA and Tether there is 0.50 price gap that is not fair. He doesn’t have good reputation in Turkish community not good.
Tether has great sense of humour about itself. Literally wanted to type it.
The only way for the bank issued stable coins to have a chance competing against Tether is to also use Liquid by Blockstream. I hope they do. And then they will just need to be more trustworthy. Should be easy with FDIC backing right? But they just might find a way to flub it up.
In a few minutes Tether, will coordinate with a 3rd party to perform a chain swap, converting from Tron TRC20 to Ethereum ERC20, for 3B USDT and, converting from Tron TRC20 to Solana SPL, for 500M USDT. The Tether total supply will not change during this process.
