On: Tether Withdrawals Top $10B

[pyrrhotech]

That's how it should work. What if instead, multibillion dollar exchanges that have a vested interest in keeping the price of crypto propped up instead paid Tether much smaller numbers to print out of thin air and create artificial demand during any price drops?

[vkou → pyrrhotech]

That is a fascinating hypothetical that an audit of tether would either prove or disprove.

The fact that tether has never been audited makes the former more likely than not.