OMG

Bandit_Quick

Probably is something fishy there. But to pull in Coinbase? OMG...Brian A put out a great synopsis. He'll I think hr has ex SEC folk in management positions.

r3dd1t0r77

OMG! Good thing we have like 30 dog coins.

themapwench

OMG I just realized that's who he is! Can't he get his brown nosed secretary (oops I mean admin asst) to do something about the naked shorted dark pools on wall street first? Can't even manage that...so go after entities without even any actual regulatory legislation to regulate? In my tin foil sombrero I'm thinking...conspiracy!

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

eLdiego30

Omisego (OMG) and the eternal myth of the Mc Donald's partnership

graytleapforward

OMG

DavidHallack

Hodl, ALWAYS hodle ​ And buy when ever they say "OMG BIT COIN IS GOING TO ZERO" it always doubles in price from that "low" after a month or 2. ​ As for day trade, they are trying to fk with the market to get us off bc - don't day trade a rigged game ever. When they try to dump bit coin to crash the market suck it up from them and watch the price go back up. Then they buy expensive, and try to crash the market again so suck it up cheap. ​ Rinse and repeat.

knleetri

OMG!! It seems that Apple will announce the headset tomorrow, will RNDR price skyrocket??

M1K3_B13N

OMG I FORGOT U COULD DO THIS, thank u!

Schloss_Ratibor

OMG thats a lot. No good

magus-21

I’m blaming people for being hypocrites about what they claim crypto is about: trustlessness if possible, trust but verify if not. Everyone is shrieking about, “OMG, LEDGER LIED!” Well, no, they didn’t. An underpaid GenZ social media manager said something on Twitter that was close enough for an uneducated lay audience. In Ledger’s official documents, they don’t claim it’s impossible, just that the hardware design minimizes the chances of exploitation. But uneducated cryptobros who care more about “GOING TO THE MOON” than anything resembling due diligence listened to the underpaid GenZ social media manager instead of acquiring the education they needed to make an informed decision.

M1K3_B13N

OMG i have thought about that SO MANY TIMES lol! it is overdue for sure!

Dull_Tough_7149

OMG Crypto Lender Celsius’ $800M Ether Staking Shake-Up Stretches Ethereum Validator Queue to 44 Days

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

rikbona

OMG, what the gell happened at the moon chart while I was sleeping? 

Umilik

\*Chart goes up 0.1%\* r/CC: "BULLS ARE BACK IN TOWN BABY!!!" \*Chart goes down 0.1%\* r/CC: "OMG CRYPTO IS DYING! SELL EVERYTHING!!!"

Maleficent_Sound_919

"Did just Elon Musk predict the dollar hyperinflation?" OMG Elon Muskrat said something... Come on even a blind person can see that hyperinflation is coming sooner or later

mik_dj

OMG it's hilarious

PortCity_MadMan

OMG seriously? Thats so crazy 😝

Jay_Popsicle_

OMG how did you comment became like that? Is that like a pinned comment or sumthin?

_SquareSphere

Of course the CRT hoarders on here will tell you "YES!!!! OMG GET IT!!! ADOPT THE POOR THING!!" - The question is, do you have a use and the space for it? Do you have a use for it? Do you want to hang onto it and sell it in the future?

charmquark8

OMG you are so deluded. DeSantis doesn't give a shit about crypto; he's just pandering with his made-up accusations.

giantyetifeet

OMG, put XRP on a log chart ever since the original pump and it's just abysmal. 🤦

JMcLe86

I bought ICP at over $100. Totally expected it to go back to $680, though not from my own research. It was actually DOGE and ICP that got me into crypto. I got DOGE for doing the folding from home thing and was like hey cool. Then a friend of mine blew up my work chat like OMG ICP BUY SOME so I did and that's when I made the Coinbase account and started buying other coins / tokens lol.

Nyarlatotep781

OMG, it keeps dipping like hell.

teamsaxon

Nfts are hype because people think they can get rich quick. Honestly that is all it is. There are groups of people who are genuinely interested in them for utility, the metaverse and such.. But most of it is OMG I HAVE TO GET THIS JUNK NFT IT'S GONNA MAKE ME RICH!

SnooStrawberries7995

OMG the polar bears 😂

othello16

OMG, so many knowledge bombs! He friggin carpet bombed the "airway" with financial literacy. Damnnnnn.

Jay_Popsicle_

OMG, is 1 BTC that big? If yes, adopt me!

mathmonkey22228

Really, OMG, that’s so smal FTFY

sanju7850

Really, OMG, that's so hug

Healthy-Day8283

Can you hear the whistle blowing? Thomas the Tank Engine memecoin is about to embark on an epic crypto journey! 🌟 Don't miss out on the meme train, folks! Choo-choo your way to r/Thomastokenbsc. OMG! 🚂

Humble_Ad_32

OMG! This Thomas the Tank Engine memecoin project is like a dream come true! Choo-chooing our way to crypto greatness! 🚀 All aboard! Toot-toot! 🎉 Join the excitement at r/Thomastokenbsc. ROFL! 😂

BigLongFootDoctor

tldr; PRICE ISNT MOVING CHECK THE CHARTS AGAIN OMG?!%$

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

bemyking

OMG I just saw the price, Glad I sold it years ago when its higher than 1 USD!

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

thespygorillas

i was like: "Fee Fiasco"? .... OMG

No_Pay_7176

Can you hear the whistle blowing? Thomas the Tank Engine memecoin is about to embark on an epic crypto journey! 🌟 Don't miss out on the meme train, folks! Choo-choo your way to r/Thomastokenbsc. OMG! 🚂

Straight-Prize1125

Thomas the Tank Engine memecoin is about to blow our minds! 💥 Get in early and let's ride this meme wave together! Join the excitement at u/thomastokenbsc. OMG! 🎢 \#tms #thomastoken #thomas #choochoo #thomaspepekiller $TMS

Kike328

OMG this is taken out of context. It’s about the services consensys offer and payments you do to them, not about your cryptowallet. I swear people is each time more and more stupid

Defiant-Appeal3934

OMG I sold all the DOT that coinbase and Revolut gave me for free, lol, I havn't really thought about them since 2021. Will it explode in the next bullrun? What projects are they working on?

Mammon84

I have been hearing this since 2017, with high hopes for Omise Go (OMG) crypto project. But unfortunately that was a fail and so far I havent really seen any crypto project offer a good payment solution. Yes u can sent crypto, but they are very volatile, im talking about sending fiat via blockchian that are easily redeemable by recipient. Maybe currently possible via stablecoins, but it is not yet ideal for the recipient to transfer to fiat

TheGreatCryptopo

OMG my Moons twin! I'm Arnie.

kisstheraino

OMG you guys going to have to take a look at that picture they have in the article. It's so freaking dramatic and laughable... *"Hacker man using laptop and computer with Bitcoin ."*

Ermingardia

OMG I'm in 🧐🧐🧐🌕🌕🌕

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

NoKnowledgeKnow

Says who? OMG A SPELLING MISTAKE HE IS A SHILL.

badfishbeefcake

OMG! I'm doing this!

coinmarshal

OMG finally moons 🌕🌕 HEY EVERYONE! I am a dolphin now 😀😎 # 🐬 Thank you guys, this community is awesome 🙏

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

TheMissingNTLDR

OMG the clue is in the anagram: # Ledger Recover = Clever Or Greed

badboybilly42582

OMG... This 100%

EarningsPal

OMG the incoming “Fiscal Cliff” -Headlines, 2012 Then nothing happened and the stock market rallied out of those lows.

DonerTheBonerDonor

**"Crypto scammers steal $100,000"** *OMG fuck crypto it's all scams and thiefs* **"Bank of America steals $100 billion from US citizens"** *It's a bank doing what they have to do, what's so bad about that? If banks were so bad they'd have been long gone*

jwolf696

OMG is ledger trolling on twitter? What kyc are they talking about

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

Osobnost

Hello guys, can you please help me to check if any coin from the list below is good for long-term? OMG Network (OMG) Reserve Rights (RSR) Near Protocol (NEAR) The Graph (GRT) Mask Network (MASK) Dash (DASH) Filecoin (FIL) Arbitrum (ARB) Ontology (ONT) Conflux Network (CFX) Thanks in advance for any opinion.

nibbl0r

OMG did ledger say anything pro LGBTQI+????????

CointestMod

#Tether Con-Arguments Below is a Tether con-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # CONs > > **No solid evidence of transparency** > > Tether was established as a stablecoin, which means that virtual coins are supposed to represent real money and be redeemable at any time. So far, there is no problem with that model or schematic, unless they do not have [solid proof](https://tonyarcieri.com/the-tether-conundrum) that all of their coins are [fully backed](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf). > > Although they have just recently [announced](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) preparation of a full-audit with MHA Cayman whom also handles Tethers quarterly attestation reports. Their most recent [report](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) included new accounting terminology such as 'going concern.' Audits provide a thorough analysis of a company's financials over time, whereas attestations are snapshots of a company's balance sheet on a specific date. > > This demonstrated the significant uncertainty surrounding the valuation of Tether's assets as well as the counterparty risks they face. If there's one thing a stablecoin shouldn't be, it would be being "*uncertain*". > > **Owned by one company** > > Cryptocurrency should be owned by everyone, not just one entity. Tether, launched by Tether Limited and owned by iFinex Inc., which also owns the Bitfinex cryptocurrency exchange, screams centralization. When the $600 million Polynetwork [hack](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) took place in August 2021, approximately $33 million of the stablecoin Tether involved in the theft had been frozen by Tether's issuer, rendering it inaccessible to the attacker. While this has saved the customers that time, it also raises the possibility that the company that owns Tether will succumb to unethical motives in the future, knowing their (and their parent company's) past [legal troubles](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases). > > **Present Auditor** > > Moore Cayman (old accounting firm of Tether) presently operating under the MHA Cayman name (present accounting firm of Tether). Now this supposedly wouldn't raise any concerns as they are practically the same company other than a different letterhead but their parent company MHA MacIntyre Hudson is [said](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) to be currently under [investigation](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) by the U.K. Financial Reporting Council. > > Regardless of what the financial statements may be in Tether's latest attestations, it is still up to the clients and users whether or not to decide if the accounting firm's statements are honest and true although very [unlikely](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) especially dealing with those whose main objective is to enrich their partners by engaging in fraudulent and illegal practices. > > ​ > > ​ > > ^(Sources:) > > [https://tether.to/en/transparency/](https://tether.to/en/transparency/) > > [https://tonyarcieri.com/the-tether-conundrum](https://tonyarcieri.com/the-tether-conundrum) > > [https://ag.ny.gov/sites/default/files/2021.02.17\_-\_settlement\_agreement\_-\_execution\_version.b-t\_signed-c2\_oag\_signed.pdf](https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf) > > [https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) > > [https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft](https://www.bloomberg.com/news/articles/2021-08-10/hackers-steal-600-million-in-likely-largest-defi-crypto-theft) > > [https://en.wikipedia.org/wiki/Tether\_(cryptocurrency)#Legal\_cases](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)#Legal_cases) > > [https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/](https://www.coindesk.com/markets/2022/01/26/tethers-new-accounting-firm-is-the-old-one-with-baggage/) > > [https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/](https://www.accountancytoday.co.uk/2022/01/07/frc-to-investigate-macintyre-hudson-audits-of-mrg-finance/) > > [https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b](https://www.frc.org.uk/news/january-2022-(1)/investigation-regarding-the-audit-of-mrg-finance-b) > > [https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/](https://leftfootforward.org/2022/01/accounting-firms-are-at-the-heart-of-corruption-in-the-uk/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

CointestMod

#Tether Pro-Arguments Below is a Tether pro-argument written by CreepToeCurrentSea. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find submissions for other topics.

JuggaliciousMemes

***OMG the president just ate a CHEESEBURGER he is so amazing***🍑💪

Big-Connection9576

Thomas memecoin: It's like finding a secret tunnel on the Island of Sodor, full of surprises and giggles! So rad, OMG!

rorowhat

+6% OMG!!!!!! Yawn 🥱

ArnzenArms

This is an example of how ChatGPT makes people dumber. This and all the "I asked ChatGPT how much ShitcoinXYZ will be worth in a year and look what it said!!! OMG!" A language model can not predict the future. A language model is trained on all the available written text, mostly what can be found on the internet. At least 50% of what's on the internet is false. (Yes I know that is an understatement). Basically, trusting LLM's is like using wikipedia as a credible source. Maybe your post was sarcasm, I'm too dumb to tell.

crimeo

Loans are not "theft" lol wtf? You CHOSE to put your money in a bank and unless you failed 1st grade, you knew full well that the way they do business and pay their employees and pay for your systems and pay you interest, etc., is to take that as a loan and use it to invest in things. "OMG they did the thing I