Tether says it has completely eliminated commercial paper from reserves

Tether printing press broke 80 billion. Just let it sink in. 80 billion of fake money, representing 70%+ of daily volume.

Another month and 0 mention about audit. Bitfinex typical behavior, lie about audit and then go mute.

 

Ok, time for you to eat and take a nap now

 

Prolly nothing...

 

the usual game, they print and then use it to pump crypto. Same play over and over.

 

They also released a picture of what they meant by "commercial paper money"

 

I hope you are correct. I think Tether will grow another 20B soon and hit a $100B market cap. What would be the price of bitcoin then? $50K? $80K?

Exciting to see...

 

I keep waiting for someone to write the book on this though..

 

Yeah, it's really concerning how Tether has been operating without a proper audit. It's hard to shake the feeling that something isn't quite right. But at the same time, it's also fascinating to see how the market reacts to these events.

I agree with johnarb; it'll be interesting to see what happens when Tether's market cap grows even further. Will Bitcoin reach new heights, or are we in for a surprise? Only time will tell.

 

If Tether fraud is not stopped, BTC will raise. No doubt in my mind.