Post
Topic
Board Bitcoin Discussion
Re: What will happen in the new bullrun without the past huge power of Tether?
by
o_e_l_e_o
on 14/05/2019, 19:49:24 UTC
I still don't believe it. Me and my friends have never had any problems with tether. And often all the attacks of the media in the end turned out to be rumors.
Well then you aren't paying attention. Tether's General Counsel, Stuart Hoegner, as well as other lawyers representing Tether, have published multiple documents stating quite clearly that Tether is not backed up 1-to-1 with USD as they claimed.

https://www.scribd.com/document/408190972/Stuart-Hoegner-Affidavit-4-30
Quote
representing approximately 74 percent of the current outstanding tethers

https://www.scribd.com/document/408190969/Zoe-Phillips-Filing-4-30
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would cover approximately 74 percent of the outstanding amount of tether

You've never had a problem with Tether because that's how scams work; everything works fine until suddenly it doesn't. It's in their best interests to make everything work normally for as long as possible, to lure in as many people as possible, and to maximize their profits when they do suddenly declare themselves insolvent, exit scam, disappear, or whatever.