Tether unbacked shitcoin?

[gredinger]

When they were rolled out, they were 1:1 cash token... totally believed them /s

Recently, they're mostly junk papers... worthless "company" that's been gutted.

Now they've injected a bunch of cash into the market that's entirely unbacked... effectively counterfeiting currency.

This is bad for crypto.

[lottery248]

i tried to talk about this a bit while ago. and the circulation of Tether is so high that any problem stopping Tether from functioning properly would crash all crypto. luckily, you are one of them who knows about this. i wanted to spread this word as soon as possible before Tether suddenly goes insolvent.

[JayTrain]

to some extent, you are right, but if you go back, then this stablecoin has been on the market for a long time and I have not noticed any special problems, then Tether may not agree whether USDT is provided with a real fiat currency, this is bad, but I think everyone should decide for themselves and weigh all the risks, there would be no stablecoins, then it was difficult to trade on the market. Providing a real money supply of coins is a difficult thing and it should be transparent to everyone, this is the main drawback of these coins