Over the past year, USDCs total issuance has grown from just over $1.1 billion to over $27 billion. American justice primarily protects the rights of its citizens. Proin in sem in justo posuere consectetur. The banks also said they would no longer deal with Bitfinex, a cryptocurrency exchange whose top personnel---its CEO, CFO, chief strategy officer, chief compliance officer and general counsel---hold the same positions at Tether. "It's an important . Also, everyone and their mother knows the dollar doesnt prop USDT 1:1. Etiam tristique ornare metus et scelerisque. The closest it's come to an audit and they're not very close have been the quarterly attestations it issues, which raise more issues than they answer. From now on, much will depend on the work in the Prosecutor Generals Office and when they deem it necessary to make the established facts public. Will Tether Collapse Like Luna/UST - YouTube. If Tether cannot meet the demand of all its customers for dollars, tether holders will try to buy other cryptocurrencies, which will lead to a decrease in their value. Ut faucibus, dui vitae sagittis luctus, ipsum sapien facilisis neque, ac fringilla sapien ex vitae lectus. Pellentesque vitae arcu feugiat, posuere arcu et, posuere velit. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Celsius transferring $320M to FTX raises Terra-like debacle fears in the crypto zone. Check out our picks for best crypto apps (Bonuses, $0 commissions, and more). -Tether will always be used by banks and governments to attack cryptos. Best Mortgage Lenders for First-Time Homebuyers. How they achieve that varies: the largest, such as tether and USD . Will Tether collapse? Donec non dapibus libero, non congue arcu. Sed efficitur tempor lectus, nec lobortis libero consequat quis. It also seems reasonable to assume Tether will be going out of its way to make redemptions fast and reliable at a time when any whiff of hesitation could set off a frenzy of market fear. Is tether backed by usd? Explained by Sharing Culture
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