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RE: The MASSIVE Tether Ticking Time BOMB
Tether might be printing the tethers out of thin air, but so are many others. Isn't most of the crypto space made out of thin air? You might say, ok, but other cryptocurrencies serve a purpose. But Tether also serves a purpose - a price-stable currency, which is very much in demand during market downturns. Don't get me wrong. Tether might be a scam, but if it is, so are many other cryptocurrencies. Why would Tether be different?
Simply put: Tether says that it backs its tokens 1:1 with usd. That’s a fundamental assurance which in the past its auditor appeared to back. If that assurance has been false, it is a fundamental deception.