Post
Topic
Board Speculation
Re: What'll happen when USDT collapses?
by
AT101ET
on 21/11/2017, 15:08:27 UTC
They also state that all USDT are really supported by 1:1 real USD to USDT. Which I can't believe would be possible, will this mean they have like billions of dollars already in their reserves?

I cant find any info about that proof that Tether is beeing backed by real U.S $.

Tether is a straight up scam as far i can see it, things will be more clear later this week.


They made the claim on their site and said it could be verified by looking at there audited accounts. That being said, even there accounts showed certain discrepancies (http://www.newsbtc.com/2017/03/21/tether-balance-sheet-unveils-large-discrepancy-usdt-usd-reserves/) and what's to say that the auditing wasn't fabricated either...