what's the latest on the loan from tether to bitfinex? the last announcement i can find is february 2020 where they repaid $100m. is there really nothing new since then?
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 too much 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.
- 20B circulation with nothing backed
- No proof of funds either
- Banking partner on the Bahamas
- Lawsuits are pending
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 too much mind. lots of frivolous BS there, just like the lawsuits against other exchanges.
I am worried about my funds in USDT. I think I have to move to USDC or BUSD.
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.
Yeah, unfortunately, liquidity is similar trouble to me. Major p2p exchanges here only provide USDT listing. So, we can store USDC and convert it into USDT whenever we have to encash. What do you think?