Exposing Tether - Bitcoin's Biggest Secret
Coffeezilla · 7 HN recommendations
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Coffeezilla gives a comprehensive history of Tether, the stablecoin issued by a company controlled by the owners of Bitfinex. He lays out accusations that it is not fully backed.
Why HN recommends it: HN commenters recommend it as the best single, entertaining overview of Tether's dubious history, and cite it when arguing Tether lacks real USD backing.
“one of the most comprehensive (and entertaining) takes on this” Read on HN ↗