Quote from: kingzpro on Today at 03:09:55 PM

I am sure they have that amount of usd backing their token otherwise they would not have came so forward across, I also like the fact that they are transparent and trackable so i am confident in their operations and i like trading usdt pairs to be honest.

Bitfinex already admitted USDT is not 1:1 backed by USD.
Tether's U.S. Dollar Peg Is No Longer Credible

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But now, Tether, the issuer of USDT, has now admitted that Tethers are not 100% backed by actual dollars. The peg is no longer credible. And Tether itself has morphed into something all too familiar.

Quote from: kingzpro on Today at 03:09:55 PM

they would not have came so forward across,

:/

Quote from: kingzpro on Today at 03:09:55 PM

I also like the fact that they are transparent and trackable so i am confident in their operations and i like trading usdt pairs to be honest.

Except they are not. Bitfinex/tether haven't been audited properly. Never.