i wouldn't say nothing backed. not fully backed, sure.

banking in shady jurisdictions behind shell companies ("like criminals" as giancarlo once said) is how they keep withdrawals flowing. it's a dirty job but someone's gotta do it.

i wouldn't pay the lawsuits any mind. lots of frivolous BS there, just like the lawsuits against other exchanges.


that's reasonable. unfortunately for me, USDT is the only liquid stablecoin on some of the exchanges i use. USDC just isn't big enough yet.[/list]