Tether says it has completely eliminated commercial paper from reserves

[johnarb]

https://twitter.com/x/status/1587632692228661250

 

[RedDuke]

If there ever was a good time to release the promised BDO audit, now would be that time.

We all of course know no audit will be released ever

 

[traderjoe200]

The fraud is getting bigger and bigger. When it blows up, it will be like nothing anyone has ever seen or imagined.

And so you were exactly right!! Blow up it did

 

[RedDuke]

And so you were exactly right!! Blow up it did

not just yet…

 

[RedDuke]

Just as I predicted, we are in 2023, and no BDO audit.

 

[The_Krakenite]

Tether says it has completely eliminated commercial paper from reserves

That is because they were holding FTT in their reserves instead.

 

[johnarb]

Just as I predicted, we are in 2023, and no BDO audit.

I don't think Tether should get an audit from a reputable firm... There's no value-add to having one

What's important is that Tether can meet redemptions when they come even the ones designed to depeg (attack) USDT

 

[The_Krakenite]

If Alameda hadn't been on its last legs, and ran out of capital, Tether's depegging would have been deeper.

 

[johnarb]

If Alameda hadn't been on its last legs, and ran out of capital, Tether's depegging would have been deeper.

There's always a next challenger

 

[RedDuke]

2 months into 2023 and still no BDO audit. Exactly what I predicted.