I've been hearing a lot about
Tether recently and I'm trying to understand whether it's a good or bad thing. I know it's a stablecoin pegged to the US dollar, but I'm not sure if investing in it is a smart move or not.
5 answers
mia_rose_lawyer
Mon Jan 06 2025
In the year 2021,
Tether faced legal repercussions for making misleading statements regarding its reserves.
RiderWhisper
Mon Jan 06 2025
An extensive investigation uncovered a startling revelation. At a certain point in time, only 27.6% of Tether's stablecoins were actually supported by cash reserves.
CryptoTitan
Mon Jan 06 2025
This discovery raised significant concerns about the financial stability and transparency of Tether.
SamuraiCourageous
Mon Jan 06 2025
Despite achieving impressive financial milestones and reporting record profits, Tether has been unable to shake off its transparency issues.
DaeguDivaDanceQueenElegantStride
Sun Jan 05 2025
The lack of clear and consistent information about its reserves has continued to cast a shadow over the credibility of Tether.