Kraken responds to tether manipulation claims

tether
kraken

#1

Some people say that Tether is a ticking time bomb. Probably that’s why projects like TrueUSD Tusd will be bigger and bigger, what do you guys think?


#2

I don’t think Tether is a time bomb because of how they established the rules.

It is not possible to trade a Tether for a Fiat $USD, you have to trade it for Bitcoin or Ether or Litecoin before you can trade that CDA to a fiat $USD.

Therefore, if Tether trades down to zero, meaning no one holds any Tether, then it is worth exactly the same amount as it is today.

Makes sense right?

Stay Fishy