Quote from: Samarkand on September 18, 2017, 10:42:02 AM

Quote from: European Central Bank on September 17, 2017, 09:18:04 PM

...there is still zero evidence that tether actually has any real money at all.

...

A few weeks ago, I shared your doubts regarding the backing of the outstanding USDT.
However, you are aware that they have recently started releasing their audits?

You can find the few already finished audits at:
https://tether.to/tether-update/

Besides, I find it unlikely that exchanges like Poloniex and Bittrex that are making an absolute fortune
in 2017 due to the altcoin mania would be involved in Tether, if Tether would be indeed an unbacked
ponzi scheme. BTC/USDT trading volume on both of these exchanges surpasses 50 million $ most
of the days, which produces crazy income in trading fees!

I wouldn't call those statements audits.
Tether promised to perform real quarterly audits - let's see if they're going to publish them any time soon.

Quote

As we are no longer banking in Taiwan, and given that we are achieving substantial scale, we have engaged Friedman, LLP, in New York, to perform comprehensive balance sheet audits on a quarterly basis going back to Dec 31, 2016. We will share those results with you as they become available in the coming weeks or months.