The entire idea behind USDT is that it's the equivalent of the US dollar. For every USDT that exists, there is a dollar in an inaccessible account. But we just learned that that's not the case. We learned that only 74% is backed, because BitFinex withdrew the rest to cover up a loss. So why is it still floating around $1 if the whole idea behind it is a lie?
Submitted May 01, 2019 at 07:26PM
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