USDT is meme money

Glad bitfinexed keeps investigating. Good article.

>>3293619
lol

Bitfinex left the US befoe the SEC could take them down.

Someone else is going to and Tether will bring BTC under 2k, screencap this.

>>3294353

Inverse is true - USDT holders will feverishly buy-back into crypto and spike prices.

Nubits will become the new USDT.

>>3293554
>Gold used as currency
>Banks pop up to store gold, start handing out receipts certifying ownership of the gold
>Banks start printing more of these receipts once they realize not everyone wants to withdraw gold
>Fast forward to Nixon
>France wants to cash out dollars for gold
>oh shit, we don't have enough
>ah fuck it, dollars arn't backed by gold anymore
>fast forward to Tether
>Crypto backed by fiat, coins can be redeemed for fiat
>Exchange starts printing coins on the down low without enough fiat reserves to cover it because no one really redeems the coins for fiat

>>3295287
you don't have the right to redeem USDT for fiat, it's in the terms of service. It's just "backed".

>>3295891
USDT is literally just pieces of digital paper with "onE uS doLLaR :))" drawn on them.