Quote from: royalfestus on September 29, 2019, 05:30:39 PM

Quote from: Mrsparks on September 28, 2019, 07:25:02 PM

personally my trust in USDT dwindled the day I discovered it's not completely backed against the dollar currency. It's quite shocking that they keep printing and issuing fresh USDT into the market but yet we can't see much influence on the crypto space. In my opinion, only my local currency is safe Grin

Not completely but with over 70% fiat backing and others asset. It has a lot of legal biding within and outside US, and had been under series of investigations the past years and still in market. Some opinions on the coin speculates a strong influence on bitcoin price, though less than $4b market but will see more supports with strong interest.

Okay, and I have a question what kind other assets used by tether to backed its coin? Loan?
So many times tether has already changed its claim about 100% assets(USDT) backed by traditional fiat money.
https://www.forbes.com/sites/francescoppola/2019/03/14/tethers-u-s-dollar-peg-is-no-longer-credible/#6c556f7a451b
I agree with the writer in that article.

Those opinions are not the only speculation only but so many parties have made a study to the 2017's bullrun and the majority of the result were saying the same if tether is the main actor behind the bitcoin pump.
https://www.investopedia.com/news/bitcoins-2017-rise-was-market-manipulation-tether-study/

This company is not again credible in my eyes.