I couldn’t have written a better list of reason why not to use Tether :
- Tether stablecoins respect the OFAC / SDN lists.
- Tether has a highly trained internal investigation team that relies on a wide variety of tools, to monitor primary (core platform at tether.to) and secondary markets (blockchains and exchanges).
- Tether’s collaboration with Chainalysis helps our teams to have the best in class software and training for a proactive monitoring activity.
- Tether collaborated, since inception, with 124 law enforcement agencies across 40+ different countries.
- Tether blocked more than $1.3 billion since inception, mostly related to scams, hacks, ML. Approximately $1.6 million is related to terrorist finance.
- Tether collaborated, on a voluntary basis, in 198 requests from law enforcement to block wallets in the last 12 months (90 with US law enforcement), 339 in the last 3 years (158 with US law enforcement).
- Tether blocked more than $639 million working with US law enforcement.
- Tether onboarded the FBI and USSS for reissuances.
- Tether collaborates with Israel’s NBCTF and Ukraine law enforcement.
- Tether cooperates directly with law enforcement agencies, while other stablecoins, although they claim to be “more compliant” they require a judge order, allowing hackers, scammers and criminals a long time to move funds around.
And they wrote the list themselves!
Send to "OG" and tether shill Max Keiser lol !
They forgot to add,
'We really like to work the pipe and swallow the gravy!'
Although, they pretty much already said that.
Tether is essentially a central bank on steroids.
Who needs a CBDC when you already have Tether
Tether is a time bomb that will eventually cost a lot of people a lot of money. The shitcoin of shitcoins💩 . How often have states and companies claimed that their money was "covered" until it was "suddenly" uncovered? Someone once wrote something about it...:
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts impossible." 🤔
Oddbean new post about login | logout 