Tether Unleashed

in crypto •  last year 

Tether declares victory in class action lawsuit as judge dismisses case

The case began in December 2021 when plaintiffs Matthew Anderson and Shawn Dolifka made allegations about USDT’s backing. This was based on findings from the New York Attorney General (NYAG) and the Commodities Futures Trading Commission (CFTC) as well as Tether’s own varying statements about its reserve makeup.

However,

In their original filing, the plaintiffs did not describe any price fluctuations in the price of USDT that may have affected the value of their investment.

So what were they complaining about?

Rather, the plaintiffs said they would not have purchased USDT, or would have purchased less USDT, if they had known about the nature of USDT’s reserves.

erm... so what? The judge seemed to shrug.

Always looked like a political lawsuit to try and force Tether to be more than fractionally honest about its stablecoin reserves. Although they seem to be sloshing around in profits recently!

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  ·  last year  ·  

that's 0.1%

https://coinmarketcap.com/currencies/tether/

You wanna see a true depeg, go look at the old TUSD chart.

  ·  last year  ·  

and do you still think the whole ESG construct is not wholly intellectually fraudulent and financial terrorism?

  ·  last year  ·  

I am still unable to find a god or goddess of universal disgust.
Kali comes close - but not quite - ultimately, she is the void.
Supposedly one of the seven "universal" emotions, it appears wholly unrepresented in our belief systems.
Maybe there is a reason for this.
;-)

  ·  last year  ·  

unleash Horkos
the vigilante

  ·  last year  ·  

interesting. the flip side of Justice, a Nemesis for liars.

  ·  last year  ·  

Securities Extortion & Corruption, so long as you can afford their commission.