Quote from: figmentofmyass on December 18, 2020, 09:26:46 AM

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?

Quote from: Tushar Ramani on December 18, 2020, 04:23:25 AM

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. Tongue

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.

Quote from: Tushar Ramani on December 18, 2020, 04:23:25 AM

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. Sad

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?