[FireBeyond]

> Do people here not realise that people give them bitcoin and other cryptocurrencies for that in exchange for tethers? If they were only a week late in converting it to USD they'd be up tens of billion in profit this year.

So they're speculating to cover their "1:1 Backing!", and relying on BTC still being hyped, like they said all along?

No, wait, hang on. They were the ones who said they received 1:1 USD inflow for each and every Tether printed.

Now you're like "mindless mob mentality!" while fully admitting that their claims all this were exactly as the mob said.

Tell me, what happens to Tether's ability to create backing out of BTC (or whatever) arbitrage and trading if and when BTC craters again?

> Bitfinex has banned US customers since 2017.

NY is still investigating and believes that Bitfinex has knowingly kept US customers while claiming that they don't.