Tether Is In Trouble

@coffeezilla I do feel like this would be a fun one to follow up on, some years later. What worked, what didn't work, what that means overall... is tether a successful story of market self regulation? Or not so much?

Tether, as transparent as a cup of black coffee

How are they still around when I google them? :(

Thankfully I read stuff about how Tether is not allowed in European exchanges.

USDT will be delisted from EU exchanges Dec 13, 2024 as per MiCA regulations.

They are now buying treasuries through Cantor Fitzgerald. We have now reached peak ponziception. The kleptocurrency market was created to prop up the petrodollar ponzi scheme and keep the dumbest of the dumb out of tangible assets. This is how America pays its debt off.... LOL and it's working!

Tether is still around now though?

Interestingly it seems it actually survived and is still around, at least according to a google search

some foreshadowing Alameda Research cashing in a bunch of Tether!

Bruh, 2024 here, it just passed 110 bn market cap…

in a way tether is obviously a scam or at least definitely not backed and from a logic perspective should go down one day but on the other hand its the similar thing on how the dollar itself works not backed and can be created out of air

only difference is obviously that the dollar is „backed“ by military and the american oil war system but it survived longer than it should

retrospective interesting cause they put tether prolly out to buy up at the below 30k prices in 2022

> "What does Alameda Research know that we don't?"

My good MAN

Two years later, turns out doofus here was wrong about Tether being in trouble, just like dozens of doofuses before him

Of course it's a ticking time bomb, however, the reason it's not going off is that weirdly, all of crypto seem to have just universally accepted that fact, but also know that they've managed to store mini clusters of that bomb in every single other asset, and if it goes, everything does. So they've just hone with the old "too big to fail approach" and most amazingly, it's still holding together.

Tether is doing fine .

It seems to me that the federal reserve benefits from having tether around because they are one of the very few left purchasing bonds. Or have they restricted themselves to buy T bills only now? What happens to tether when the world is de-dollarized?

One year later, and tether is ok. Isnt it?

Big whales like Alameda research, lol!!

They didn’t listen 😢

Ooo he dropped the ENRON on them!

It's the same with all banks, they all over leverage.

Cool fud. Tether still stands

And tether recovered

How’s tether still going

Laughing at the people saying "coffee is wrong, Tether still exists". It only exists because they keep pumping out billions of funny money USDT tokens backed by nothing and use it to buy Bitcoin to prop up the price. It's all just imaginary!

update. tether didn't collapse

Coffezilla something is happening it started 5 days ago. Tether is going down someone is syphoning.

And 9 months later, USDT is holding 1:1. In fact it's slightly above $1.

And we wouldn't want to be caught in a nook-ya-lur bomb explosion.

not really, this aged badly tbh

Do one on Enron.

An accountant named "Foster", who was an Ashkenaz (seeming Caucasian but not really) stole from my father. 1960s.

Tether is still alive and well. When its gonna go down ?

Tether is like petrodollar. Propped up by vapor.

L

Have you gotten in EARLY on the Ponzi Scheme ?

Ahh sweet Alameda Research, the domino effect is a wonderfull thing.

its NOT

The Waffle House Has Found Its New Host

Investors lost 2 trillion dollars in cryptocurrency in 2022. If you think investing in crypto is a smart idea, chances are you probably couldn't pour piss out of a boot with the instructions on the heel.

I'm not certain what you mean by "attestation" but I know an attestation engagement IS an audit engagement. It ends in a report on the financial projections and information, as well as the internal controls preventing fraud and embezzlement. It can only be signed off on by a CPA.

Tether still around??

How is this any different then the gold reserves that were supposed to exist at Fort Knox to back the dollar?

They've always said tether was a scam. It still just keeps chugging along.

Tether is not the real stable coin here. Bitcoin is.

it's remind me of fiat money that used to be backed by a gold. and now its not backed by anything at all

It’s all a Ponzi scheme