Tether is about to experience a blow as far as I am concerned and all these shenanigans won't last long and no matter how they want to try to cover it all up, nothing will every stop it from imploding with their shady deals.
Bye bye tether indeed! They are just trying to tell us they are probably not just printing tether from nowhere and every tether is backed by real cash, I guess only if they allow themselves to be audited and they can prove that, there is no way on earth I will ever believe what comes out from the mouth of those people. Obviously, the thing that happened with USDT recently made them to say whatever they have to say to cover it all up.
So why don't they do it? I mean if they're legit and have tether backed like they're saying it shouldn't be a big deal to hire someone to do the audit and vouch for them. And i'm not talking about some small time private contractor but a large company that does it professionally like Deloitte.
The more they're trying to buy time the worse the value of USDt will be and competing stable coins will keep gaining. If they keep avoiding this it will mean they don't have it backed and are going MtGox on us.