Thank you Sir ebliever for that wonderful posts. It made it all clear to me because I know nothing about that Tether too but I see it just in green and sometimes a little red. The only thing which doesnt move much. So that is why. It is USD itself just brought thru the internet. It is not good for the market.
So this is the answer that I have been looking for ever since the fall of each crypto currency.
Where is the money?
How did it go out so easily?
If it is invested in another coin or token then we will see it.
They can now move back and forth easily with this. Not funny at all.
Thank you! I don't have any insider information, so I can't answer your question about which banks Tether is currently using for their dollar deposits. I still hope they can either get an audit done, or find a way to transparently demonstrate straight to the public that they control adequate funds (in dollars) to back their tethers.
It's worth noting that a Korean exchange just announced that they will independently back Tether at 1:1 with the US Dollar if a shortfall emerges. That's a pretty amazing development and demonstrates that someone knows something good and is very confident about Tether, because that's a statement that they can be held legally accountable for down the road.
Link:
https://twitter.com/CryptoOfKorea/status/961087459093307393
Poll
