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comment by dublinben
dublinben  ·  286 days ago  ·  link  ·    ·  parent  ·  post: Why experts are worried about Tether, a dollar-pegged cryptocurrency

You don't have to be an expert to see through this as the sham that it is. Are we really to believe that they have hundreds of millions of dollars in USD reserve? Their US bank accounts have been cut off.

Their own Terms of Service specifically say that Tether is not redeemable for USD, for goodness sake!

mk  ·  286 days ago  ·  link  ·  

Yeah, there's no reason to believe they have the USD, plenty of reasons not to.