Denies that they lost $850m, but confirms they don't have the money 🤔
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Why? Hodler, you know why. Banking while bitcoin, yet again.
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why haven't you informed your customers about the latest development and provided them with a safe alternative to tether? you delisted BSV on moral grounds, where are your morals now?
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We have a safe alternative to Tether. It's called USD.
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what about inter-exchange transfers?
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perceived less volatility risk during the time they have to hold it.
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Like with some token that represents USD, to be redeemed by the receiving exchange for bank USD later?
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Tether no longer serves that purpose reliably. Don't you think your customers deserve a safe alternative for transferring their funds? What do you have against USDC, TUSD, GUSD, USDS,....?
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Safe alternative to what? The safest thing to do would be to transfer a real crypto, like bitcoin. You're saying you want us to support some other centralized, USD reserve token which can be frozen/destroyed at any time by the issuer? How about something decentralized?
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yes, you obviously have no problem with that or you would have delisted Tether a long long time ago. It's not safe to transfer crypto without hedging, which is inconvenient.
>How about something decentralized?
nothing reliable atm, so why not list another stablecoin until then?
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Which one is best?
in terms of what? for me and most people, any coin will do. we just want to transfer funds without having to worry too much about volatility.
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>1 month and still no alternatives. I guess Bitfinexed was right about Kraken. You are in bed with BFX/Tether. Time to move out.