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/biz/ - Business & Finance

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10675918 No.10675918 [Reply] [Original]

>Fiat volume is declining.
>Tether volume is increasing.
>Still no audit

What happens if Tether gets shut down?

>> No.10675934

good money drives out bad. USDT is unironically a better dollar than the dollar

>> No.10675951

>>10675918
Tether is safe... everyone knows this...

>> No.10675965
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10675965

Brought to you by the other bullshit pajeet stable coins fud departments

>> No.10675980

>>10675934
But once Bittrex and Binance add fiat pairs as they've said they would, fiat will drive out USDT.

>> No.10675984

bitfinex is definitely dumping ETH, no other explanation for the recent rise in ETH/USDT trade volume

>> No.10675986

Who is going to shut it down and how?

>> No.10676184

>>10675951
Please tell me how do you know? Oh right, you fucking can't.

>> No.10676252

>>10675918

bitcoin will go to 1000$, eth to 50$ and all other shitcoins will be worthless

>> No.10676275

Tether exchanges are the biggest exchanges

>> No.10676305

>>10676275
>easy and convenient

Of course they are.

>> No.10677116

>>10676252
Doesn’t bitcoin pretty much die at that point?

Exchanges and miners will be bankrupt..

>> No.10677157

>>10675918
tether is backed from USD, USD is backed from nothing, so who fucking cares

>> No.10677163

Tether is the house of cards that will kill bitcoin. By this time next year everything will be at zero.

>> No.10677269

Speaking as an insider, I can tell you right now there’s only about 4/5 in USD for every tether due to shrinkage. So the happenings won’t happen for quite a while but when it does it’ll be a slaughter. Tether is like a USD-pegged currency of a banana republic with less transparency.

>> No.10677285

>>10675918
Tether did get audited though, I remember reading stories that they passed a full audit earlier this year

>> No.10677302

>>10677157
correction tether is partially backed by usd it's like fractional reserve banking look that shit up...

>> No.10677319
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10677319

>>10677285
so they say but they still won't publish the audit report

hmm

>> No.10677342

>>10677302
Simply untrue, Tether got audited, it's confirmed for 100% backed. Nice misinfo tho hope you got a good buy in from the fud

>> No.10677405

>>10677342
>Tether got audited
Holy shit this delusion

>> No.10677437

>>10677285
>>10677342
They got "audited" by a firm that doesn't audit.