What do you think about the new Tether Scandal Accusation?
Tether is a very shady cryptocurrency. It is a "stable coin" and claims that it has US dollars backing all tether tokens 1:1 ratio. They have never done a proper audit of the funds they have in banks. I repeat, tether never did a proper audit of the funds they actually have in their bank accounts.
I have never had much tether in my portfolio. If it is found that tether doesn't have the reserve of US dollars to ensure 1:1 backing of the tether token, then the price of tether will crush. It will crush really really hard.
I have never recommended tether and I don't believe it is wise to buy and hold tether tokens. I will not change my views until tether team does a proper audit.
Tether claims that their funds are “subject to frequent professional audits” but that is a lie. It is not wise to entrust your money to liars.
wait, how did you get $27 on a reply? got a bot? lol
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