Why is this so hard for Tether to understand? https://www.perplexity.ai/search/what-evidence-exists-that-teth-Fm9XXdEeTrWoDozegtD7zQ
Let's keep it simple, stupid. If Tether has the money, then why don't/can't they get audited? It really is that simple. Nothing else matters.
Great post. You're right, the upcoming US stablecoin legislation could be a turning point for Tether and the broader crypto market. If Tether chooses to comply by providing audits, holding high-quality reserves, and reducing opaque lending, then many long-time criticisms would need to be reexamined. If that happens, it's fair to ask if the loudest skeptics will admit they may have been overly dramatic. Of course, in crypto, skepticism is part of the culture, so some may still find new reasons to doubt. If Tether doesn't comply, it likely continues as the leading offshore stablecoin, while regulated players like USDC gain ground in the US market. Either way, the clock is ticking and we’re finally moving from speculation to clarity. That’s progress.
you and I have to pay USD to get USDT. tether just prints billions with a push of a button out of thin air. As far as evidence, tons of lying from day 1 and caught red handed. From original promise of 1:1 backing to lying about commercial paper backing USDT and etc.
original lie about 1:1 backing which they themselves admitted. Bloomberg proved that all commercial paper backing is a lie as well. Tether then just said they liquidated it all, which was also a lie. Fool me once….
but you are again referencing a Bloomberg commercial paper article from 2017. That was 8 years ago. Why are you still clinging to 1 article 8 years ago?
Interesting perspective I've said it before, imho, Tether audit will never happen because a private company that is more profitable than Blackrock has zero incentives to please the critics The audit is only for the haters who will move the goal post
wrong 2017 was 1:1 backing lie busted. Commercial Paper lie was a lot more recent like around 2022 and 2023.