Quote from: Kupid002 on Today at 02:00:43 PM

Quote from: elda34b on Today at 06:18:38 AM

They already said that their USDT is not backed 1:1 by fiat (wording aside, we know what it implies): https://www.coindesk.com/tether-says-its-usdt-stablecoin-may-not-be-backed-by-fiat-alone.

So I guess this pump machine is still continuing. Their banking issues are also popping up every now and then. In short, never store your money in USDT for too long.

Then they are just adding more money by adding more supply of the tokens.
And that's supply that they add can also help to manipulate the price of other crypto currency such as BTC and other popular crypto currency, its not a good way in my opinion It could be a bad replacement if they continue to increase supply of it especially because its not really backed by real USD. I see bad effect on it for long term if they continue doing this things.

It would be wiser to avoid Tether till they prove that they hold the fiat equivalent to their token issuance. Till than USDC and Paxos could be similar alternative as both of them are regularly verified with external auditor. In the time of rise in price many people turn into USD equivalent and it would be a disaster if USDT couldn't provide the conversion if every of them withdrew.