Tether liquidity update
Finally a first audit report of Tether was released this weekend!
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It appears to be in order but there are still concerns the audit results could be manipulated by lending money short term to prove liquidity and backing of all USDT in circulation.
In addition there is still the phrase in the Tether T&Cs announcing that Tether do not have to buy back USDT for USD.
Article with the audit news / source:
https://ftalphaville.ft.com/2017/10/02/2194319/tethers-transparency-update-is-out/
What is your opinion on USDT? Do you use it for trading or do you rather stay away?
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