• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Tether will be Audited for USDT

  • Thread starter Thread starter Yugocean
  • Start date Start date

Yugocean

Guest
The South District federal court of New York has ordered Tether to furnish all financial documents to the court.

A case against Tether's parent company, iFilex, has gone this far. The anti-Bitcoin community has blamed the company for creating fake stablecoins to give Bitcoin value in fiat currency. iFilex was even banned in New York by the State Attorney General, but the court gave relief to the company.

Tether has agreed to produce the documents. This will allow an audit to determine if Tether actually has a USD reserve backing its USDT reserve.​
 
Do you mean that USDT and Tether will becomes one network? Because the message is not a bit clear.
 
can you update me on this case? I use USDT as a payment from some of my clients but normally I exchange with MATIC or ADA.
 
Nomad said:
can you update me on this case? I use USDT as a payment from some of my clients but normally I exchange with MATIC or ADA.
Click to expand...
Authorities settled case by taking money from Tether, call it fees, fine or whatever, its done.
 
Yugocean said:
Authorities settled case by taking money from Tether, call it fees, fine or whatever, its done.
Click to expand...
So, this is all about wrenching money from a non-traditional financial system? They are trying to ruin the non-traditional financial system. :D
 
Nomad said:
So, this is all about wrenching money from a non-traditional financial system? They are trying to ruin the non-traditional financial system. :D
Click to expand...
If the platform is ready to pay, what others can do, they want to save business. Just link with how SEC is after crypto industry.
 
I have not heard about this news and it is indeed a very bad one for the most used stablecoin in the cryptocurrency market and I think they should sort it out.
 
You must log in or register to reply here.
Back
Top