Post
Topic
Board Altcoin Discussion
Re: tether scandal !!
by
7jaka7
on 27/04/2019, 18:35:41 UTC
First I just want to tell you that you could write a little more organized and clear. It's actually hard to read post.

most people see tether as a currency which is  backed by $
But it's not entirely true.
"100% Backed
Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD."

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they are pretty  sure whenever they want they  can get real dollars instead of tether in their bank account
I am wondering if this is possible. Tether company itself doesn't provide this possibility.  

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Is this idea true? if no , please clarify me why btc price has decreased?
I can't understand this from the economic perspective. But I believe it's mostly fear and confusion on market.

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2) what do u think about future of tether ?
I think it's not bright. It's a bad system on top of a bad system (USD). And it's price will not/ should not go over 1$ so why would you risk it. But don't listen to a random guy on internet. Smiley