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Tether truthers: "tEthEr iS nOt tRustEd" - since 2019 (NYAG) tether grew from 3B to 63B - Tether maintains the peg of 1$ on all exchanges - competitors could have had the chance of their lifes to outgrow Tether but the didn't Checkmate dudes. The market speaks louder than you.
These truthers can't simply understand how free markets work. Anyone holding USDt and thinking it isn't fully backed, would sell it on the market pushing the price down. Yet the price is 1$. Everyone knows Tether is fully backed. There is a public attestation from a top firm.
They just prefer to follow and believe couple of guys that for years said that Tether is not backed, and then turned to be a lie and they shifted their attack goal to "bUT BUt TETHer iS mEAN".
Moreover some of these truthers go with personal attacks, either racists or doxing or threats. It's always ok to pose questions and want answers. It's not ok to threat or disrespect people.
2008: If people knew why didn’t they sell? Well, because they didn’t know until it was too late.
We need a more transparent #Tether
and FULL reserves in cash or very liquid assets.
Do that and stop coming up with bullshit excuses, or you will cause the next crypto bear market
“Tether is fully backed” until those commercial papers that make up the reserves lose value…
Ah yes, because everyone on the market has perfect information, there is no incentivization to fool people to make money when there are no consequences, and losing money will not cause people to irrationally hold on to hope and make poor decisions. Very big brain take
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