If tether doesn't have the backing it claims (It's been fighting an audit for years) how does converting it to usdc help.
Is Tether/USDT Still Safe?
- Thread starter johnarb
- Start date
We're having a miscommunication
You're talking to the wrong person if you think I don't believe Tether has a 1-to-1 US $ backing
My post is a reaction to Coinbase offering to exchange every USDT to USDC with no fees. You can look at my post again and see what I think of it
Your question does not make sense to me based on what I wrote
That's why Tether USDT is the best stablecoin, iykyk
https://techcrunch.com/2023/03/10/u...-circle-held-reserves-at-silicon-valley-bank/
The fact that Tether is still in such a top spot, is what worries me the most. There is no good reason it should still exist. The fact that it's still being used, is what really makes me prepare for 'the apocalypse' of margin calls one day.