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RE: Why The TETHER Scandal Will Collapse The Crypto Markets -- Repeat of Mt Gox Coming??

in #tether7 years ago

Since its inception, the company has not passed a single audit, and therefore it is not clear exactly how the dollar is backed by USDT. If in fact the company has that kind of money? As soon as the regulators will find something illegal or not sufficiently transparent in the actions of the Tether company Limited, all virtual coins, the company will lose value. In this case, the victims are inevitable. Lose or those who hold coin, accumulating for the purchase of bitcoin or other cryptocurrencies, or those who just sold their BTC and ETH for the wrappers.

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Yea, might be a case for cryptos to rally if people want to get out of USDT...