Hacker News new | ask | show | jobs
by dghlsakjg 1260 days ago
Our opinions differ in that you trust Tether's reserve. I don't.

It has been more than 5 years since they were audited. By their own admission, they have 10 billion of their 66 billion dollars in unsecured loans and "other investments".

An org whose entire raison d' etre is to hold money should be pretty open to outside audits. It should actually be a pretty easy audit.

Why have they been foot-dragging so long?

1 comments

I didn't said i trust Tether's reserves. However even if with a hole they have a reserve at the end.