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This is basically an admission that you aren’t backed by $ as well as usd coin is right?
Wow. Your logic leap knows no bounds with that statement. Seriously…..
Too late. There are plenty of other stablecoins now.
Statement for what that you keep printing usdt on air an pumping btc? @SECGov
I hear that you have top secret proprietary investment tactics to maximise profitability that are also consistent with maintaining 100% USD backing at all times. I certainly wouldn't want to allow that kind of truly unique information to get out into the wider world!!
Competitive advantage? You operate a stable coin. It’s either backed 1 to 1 with US dollars or it is not.
That's actually not at all how it should work tbh. It would make very little sense to operate a stable coin business that way where there's actually 1:1 dollars kept in reserve. Tether is potentially problematic for completely different reasons.
I’m with the tether bros this time … seems a perfectly fine reaction to me after all this striptease they had to do for the gov …
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