Tether: What part of this balance sheet do we not believe?
- Thread starter GlobalMacro90
- Start date
Tether does not pay interest. It's a native crypto liquidity bearer asset pegged to the USD
A lot of people think the same. Tether just added a couple of billion Usdt into circulation, another ATH market cap
Usdt Liquidity for the whole crypto digital assets ecosystem
Usdc stuck at 24B over 60% off its ATH market cap, PayPal USD Pyusd has been irrelevant still
this analysis is based solely on vibes
It is so weird that I have become a tether defender on this forum since I am a US citizen, I do not use tether, I think the risk/reward of using tether is likely not worth it, and I admit they have a shady past.
But all these people that are so sure that it is a zero like when is this going to show up? When do you admit you were wrong?
Think about this - we didn’t just go through a crypto winter, We went through a crypto Ice Age. Bitcoin went down 80%, almost all alt coins went down 95% plus, FTX was a fraud, binance is getting taken down as we speak, blockfi went bankrupt, voyager went bankrupt, Celsius went bankrupt, And tether is still here. If this crypto Ice Age didn’t expose tether, then what the fuck will?
and also what evidence do we have that they are a complete fraud, except for no big 3 audit, which I do admit is shady, but is also a huge risk for a big audit firm to do it, and a Bloomberg article from literally 2017?
When is this happens tether truthers??? Please help me understand.
But all these people that are so sure that it is a zero like when is this going to show up? When do you admit you were wrong?
Think about this - we didn’t just go through a crypto winter, We went through a crypto Ice Age. Bitcoin went down 80%, almost all alt coins went down 95% plus, FTX was a fraud, binance is getting taken down as we speak, blockfi went bankrupt, voyager went bankrupt, Celsius went bankrupt, And tether is still here. If this crypto Ice Age didn’t expose tether, then what the fuck will?
and also what evidence do we have that they are a complete fraud, except for no big 3 audit, which I do admit is shady, but is also a huge risk for a big audit firm to do it, and a Bloomberg article from literally 2017?
When is this happens tether truthers??? Please help me understand.
In this environment, the business model is a gold mine! The banks are jealous! You have people willing to give you billions of dollars, and they don't want any return in exchange. All they want is a digital token that can be sent all around the world. You have no bank branches to deal with, and you keep all the money you make from the guaranteed 5% interest you are making. You also don't have to innovate, unlike all other high flying tech firms. There is also no need for customer support. Plus, very few entities are allowed to redeem their USDT for USD, so your chances of a bank run are minimal.
People thought the AirBnB or Uber business models were great since they don't own the properties or the cars, but those companies require thousands of people to run them, and the amount of customer service you need to provide is insane. Running Tether is essentially passive income for the owners!
Then you also let the government tell you if they want any addresses frozen, which you comply with, and hence have the blessing of the government. This has got to be the best business model of all time!
BDO Italia was allegedly hired to perform audit in August of 2022. I correctly predicted there would be no audit because Tether is the world biggest financial fraud.
Whole crypto valuation relies on Tether. When it blows up, crypto will plummet to levels no one can now imagine.
Would create a great buying opportunity.
Whole crypto valuation relies on Tether. When it blows up, crypto will plummet to levels no one can now imagine.
Would create a great buying opportunity.
The problem with this PayPal thing is... it's practically a centralized shit-coin. But even shit-coins can trade on exchanges.... the PayPal thing does not the last time I checked.
It's kind of wrong to say they've got a stable-coin even.