Tether Controversy- Fact or FUD?

[stopthefud-blog]

Interesting article on it: https://stopthefud.wordpress.com/2018/02/04/tether-controversy/

Tether and Bitfinex have been surrounded in controversy. Is it fact? Is it FUD? Find out as we analyse this mystery.
Before digging too deep into the FUD surrounding Tether (USDT), you need to have a basic background of what this cryptocurrency is.

Founded in 2015, Tether was created to be a stable coin and connected to the online exchange Bitfinex, one of the largest exchanges in the world. Tether is meant to mirror the value of the U.S. dollar, allowing you to convert or “tether” USD to the digital currency.... continued on the link.

What do you think? Is it fact? Is it FUD?

[ManaMan]

Interesting article on it: https://stopthefud.wordpress.com/2018/02/04/tether-controversy/

What do you think? Is it fact? Is it FUD?

you could to quote the text from that website, because some users are aware of potential clickbait links with malwares inside those websites. Having in mind that you are new user it might not be bad to quote the article in your post, it could be first paragraph or so and put link below.

[Tipstar]

We've a long history of trying to make a coin fixed to a value of something but miserably failed.
No two things can have a same value as the value is always decided by the market with supply and demand.
What if someone launched another USD token with an infinite supply?

[CryptoCY3366]

It would be hard pressed for me to believe that Tether has 2.2billion of liquidity. You can guarantee this won't end well, someone is gonna get hammered by Uncle Sam before its over...

[tolkings]

2.2 - of course not, although the crypt has fallen, can now liquidity corresponds to the declared? Waiting for the audit.

[stopthefud-blog]

We've a long history of trying to make a coin fixed to a value of something but miserably failed.
No two things can have a same value as the value is always decided by the market with supply and demand.
What if someone launched another USD token with an infinite supply?

I mean it would take longer to launch another USD token as everyone would be skeptical, but....
This is a huge market opportunity to take advantage of, so if you do it right, you can definitely go somewhere with it.

[WhaleSlayer]

We live in an age where it is impossible to know whom to trust and whom not to trust. So I guess we will eventually discover the troubles behind Tether only if and when Tether would collapse.

[mammothine]

It would be hard pressed for me to believe that Tether has 2.2billion of liquidity. You can guarantee this won't end well, someone is gonna get hammered by Uncle Sam before its over...

$2.2 billion isn't that much money for a financial. So while maybe there has been some funny business, I don't believe that amount of money is ludicrous by any stretch. It is well within the realm of possibility for Tether to be backed 100%.

Chase, for example, holds $2.5 trillion. Many hedge funds manage $50+ billion.

[John_Slater]

I believe it's fud. If it was scammy project, it would have collapsed already...

[grinmoure]

If a currency is going to be pegged at 1 USD, there needs to be absolute transparency and an audit that USDT is backed 1:1 to USD.

[BTCwin1]

Tether has been an unstable factor in cryptocurrency markets.
Tether has been issuing new USDT, but no one has seen its bank account, and no one can confirm whether the company has so many USD, or just control the market?

[tolkings]

But on the other hand, if not for the Tether - perhaps $ 20,000 per BTC and have not seen.