Quote from: TheQuin on November 21, 2017, 03:11:47 PM

Quote from: Paashaas on November 21, 2017, 03:01:48 PM

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.

Apart from the audit from reputable New York accounting firm Friedman LLP.

https://ftalphaville.ft.com/2017/10/02/2194319/tethers-transparency-update-is-out/

Quote from: AT101ET on November 21, 2017, 03:08:27 PM

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...

That's from March the most recent audit was in October. Do you think an accountancy firm would risk its license by fabricating an audit?

I very much doubt it. If it was truly audited by a reputable firm then the question as to whether or not the USDT was backed should be clear. If that's the case then I guess we could be more at ease knowing that at least part of their claims are true.