Overview
Key Points
Sources
Tether was intimately involved in the FTX scandal, has the FBI/Secret Service on its platform to surveil its users, openly states its main goal is to help spread dollar hegemony globally (which it does through de facto digital dollarization), and seizes peoples USDT whenever the… https://t.co/qstYlRbg (https://t.co/qstYlRbg)
— Whitney Webb (@_whitneywebb) January , (https://twitter.com/_whitneywebb/status/?ref_src=twsrc%Etfw)
The theory is that they print tether, lend it to their friends, and count the loan as collateral to back the tether. Their friends then buy the tether. It’s that simple.
Of course, there is limited evidence for this. But then again, Tether could easily quash these rumours by just publishing their audited accounts. The fact that they don’t is rather telling.