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How do you execute a risk management of the underlying assets that back tether? What happens if they depreciate in value for reasons beyond your control?
Given the huge monetary base we don't need to take risks. Also we have a risk management team that's super cautious and professional. As Stu said we're working on a transparency framework to report allocations during this year.
Nouriel et all have accused tether because the price of bitcoin has proven them wrong (repeatedly). The only thing left to do is to attack the price by calling it fraudulent instead of admitting to being wrong.
Size of base is irrelevant if backed 100% by dollars. No need to manage risk if backed 100%. Anything below 100% is an accident waiting to happen. Lack of transparency on % is critical
Why do you need a 'transparency framework to report allocations'? You could report the assets backing #tether
right now.
No sir I can admit what have you been saying it , where is RISK MANAGEMENT after all for 50000 USD you people customer support change every time , cannot stick to what have you been promised.pic.twitter.com/HJFH1LGQHn
You are ownn customer support Tell complete ly lies without doing proper investigation gation , blindly just rest is assured
Strongly disagree. Your main concern should be 2 equally important things: 1. Protect authorization keys (as described in the interview) 2.) do proper risk management of the underlying basket of assets (similar to other asset managers like insurance companies)
Presumably the basket of asset is dollars and if they depreciate in value then so does USDT. Am I missing something?
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