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Altcoin Discussion
Re: Will Tether go into crisis like XRP?
by
tycsols
on
24/01/2021, 19:19:43 UTC
Quote from: ivankoh on January 22, 2021, 12:28:11 AM
It's not just XRP that is having problems linking the reason the SEC reporting on a source doesn't verify over data. Tether also goes into issues to interact with the dispute with Bitfinex. File center is checked, is this fine for the future?
https://cointelegraph.com/news/tether-and-bitfinex-seek-further-30-days-to-produce-critical-trial-documents/amp
As far as the legitimiacy and fiat backing of usdt is concerned im quite confidence it will be fine as recently their bank has also confirmed it fully, the only issue can be the fact that bitfinex violated any rules set by SEC before issuing usdt.