No stablecoin has a formal audit, only attestations. More ClownDesk than CoinDesk. Nice clickbait headline.https://twitter.com/CoinDesk/status/1446180036344782852 …
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But you and
@bitcoinlawyer said a full audit was coming, right? Would be great to see you/tether lead the way for more transparency.
My point is that until that's done, at least we are at the same level of other stablecoins. Singling Tether out in a clickbait article does not feel correct.
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Why won’t you do the audit this quarter and put it to rest? Why won’t the whole industry do it? An audit just validates that what your claiming is indeed true - so don’t understand the risks unless what you’ve claimed isn’t true…
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Paolo : “no stablecoin has an audit yet” Journalist : “but you said you will do an Audit” People : “where did Paolo said no audit is underway?” Fudster : “you see they are lying never had an audit never will” Media : “Tether is opaque. Analysis behind the No audit tweet of CTO”
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And this how you create the perpetual wheel of FUd :)
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You are being singled out because USDT constitutes 75% of daily trading volumes. Anyone with a little crypto knowledge can see what you are doing on the blockchains. It’s clear you are supporting the whole market with limitless amounts of Tether
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Right, all of which are illegitimate. Tether is singled out because it has more daily volume than any other crypto. An audit provides legitimacy, something you're not willing to obtain... because you're illegitimate.
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Their only interest is make usdc succeed over tether, she is indirectly employed by circle; don't fall victim of their game. Just ignore them.
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Because Tether is the biggest in the market. Why wouldn't you want a proper audit to be done... It would streghten the crypto space even more.
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