/biz/ - Business & Finance

Where the fuck does tether store their dollars? If the banks collapse how will we know if the bank holding tethers reserves has gone under?

>years of non-stop fud
>literally safer than keeping your money in the bank

*survives another bear market in your path*

It's over

This is going to collapse in the next few years guaranteed

Why don't you just set a massive hyuuuge buy order of Tether for whenever it drops to $0.99 and then set a hyuuuuge sell order when it hits $1.01

I've invested in this for over a year.
Why's it crabbing for a long time?

>In May 2021, Tether published a report showing that only 2.9% of Tether was backed by cash, with over 49.6% backed by commercial paper.
>Tether has failed to present audits showing that the amount of tethers outstanding are backed one-to-one by U.S. dollars on deposit despite repeated claims that they would.
>On October 15, 2021, it was announced that Tether will pay a $41 million fine to the Commodity Futures Trading Commission for misleading claims that it was fully backed by the US dollar.

I don't get it, isn't it just a giant scam then?

It only peaked so high in 2021 because this scam.
When the market notice they aren't pegged and starts a bankrun, Boomercoin will crash for real.

None of the schizos who give unrequested warnings about Tether warned me about Luna, Celsius or Bancor. Almost like Tether is a midwit filter…

Red pill me about Tether.. can they be trusted?

What if I told you that tether is going to blow up and all margin will get flushed as the market fully resets?

They're next.

When is this piece of shit gonna pump?

Fucking piece of shit stablecoin

Print more tethers sirs

We fucking made it tetherbros... we fucking made it.

What the fuck is this? Why does it try to pretend to be a central authority tied to the feds printing money? Tether isn't even pegged to the USD. It's complete pretense! For years they have been printing billions of fake dollars to artificially pump all the shitcoins. What will happen to markets when all those fake dollars vanish or crash as a result of their blatant money laundering and fraud once the authorities shut them down?

It will be an absolute blood bath. This board won't even become pink. It will become a shade of dark violet and blood red.

*pulls the rug*

https://twitter.com/usdcoinprinter/status/1361469115295277057
Is there something I'm not getting? Doesn't this mean that in the end most people will get fucked?

>>28701480

fucking trash shitcoin. Been in since a dollar since 2 months ago and this shit just doesn't go up. What the fuck is going on here /biz/

EVERY SHITCOIN IS DOING BACKFLIPS TO THE MOON WHILE THIS PIECE OF SHIT JUST CRABS FOREVER. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

PIECE OF SHIT