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RE: Making sense of the Tether situation

in #cryptocurrency7 years ago (edited)

" Tether (USDT), which is a cryptocurrency issued by the Tether Limited corporation, which guarantees that 1 USDT will always be redeemable for 1 USD."

That statement is explicitly false. Tether corp has stated that there is no obligation to exchange tether for dollars in any situation ever. It's in the fine print on the web site. The shadiness of billions of tethers being used to pump up the market has forced me to take profits and exit.

See: www.tetherreport.com