RE: Why Tether’s latest statement about its auditor is complete BS

You are viewing a single comment's thread from:

Why Tether’s latest statement about its auditor is complete BS

in bitcoin •  7 years ago 

If I understand it correctly Tether used Kraken to stabilize USDT. The rising cryptomarket also automatically had the effect of increasing the value of USDT. Which offcoure it shouldn't. So they had little choice but to issue USDT without proper backing and sell it on the Kraken USDT/USD exchange and drive the price down. It must make for messy books.
Not saying that they didn't pull a fast one. But I hope they didn't.

bitcoin
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    1 vote
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!