https://www.coindesk.com/tether-confirms-relationship-auditor-dissolved/Tether has apparently dissolved its relationship with Friedman LLC, the accounting firm that produced the not-really-an-audit on Tether back in September. Here is the statement from Tether:
"We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transparency, there is no precedent set to guide the process nor any benchmark against which to measure its success."
No precedent to guide the process? The money is there or it isn't. That's what auditors do.
Incidentally, according to coinmarketcap another 600,000,000 in Tethers just came into existence about four hours ago. Tethers are now listed at $0.99.
In September Friedman sort-of-confirmed that Tether had money in the bank to back the less than $500,000,000 in Tethers then in circulation. More than that just came into existence. There are now about 2.2 billion Tethers.
Thats crazy additional supply of tether came from nowhere,maybe developer's greediness drive them to create additional supply for their own benefit,this is worst than XRP's drama.
to OP dont spread FUDs because it might cause another market panic,you will lose your investments too,sometimes too much reading will lead you to unhealthy websites like what you linked to us,crypto guru?lmao.
