To Crypto Recently Tanking
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warning: the website is aggravating as hell....pop-ups in your face and other distractions...it takes extreme concentration to be able to read the article. I did it so you don't have to bother
- Over the past several months, there’s been growing doubt as to whether or not Tether is actually backed by USD on a one-to-one basis. On its landing page, Tether writes that its ‘reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.’
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and it continues in like manner for a while. Weasel words and mealy mouthing. They don't come right out and SAY that Tether is a Scam
Another article from a different publisher says much the same.
(this one is much easier to read..much less BS on it's page)
All Eyes on Tether Amid Crypto Pull Back
- The problem is that because one Tether token equals one dollar, it has been used to buy other cryptocurrencies because of its standardized value. This culminated in suggestions that the price of Bitcoin and other cryptocurrencies had been inflated because people had been buying cryptocurrencies with Tether and not actual US dollars. If Bitfinex does not have an equal reserve of dollars to back up the amount of Tether tokens in existence, things could end badly.
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things could end badly. no shit?
of course...all Steemers know this...
Why Is the "FUD" regarding Bitfinex and Tether Pummeling the Entire Crypto Market?
Tether Quadruples Printing Press Speed, Prints $100 Million Per Day
More Bitfinex Ledger Problems..
My followers know this...
those who actually READ my posts
all five of you.
those who use 'autobot voters' ,
and those who only glance at the title...
have no clue.