The stablecoin Tether has been the subject of controversy, speculation, and what some are saying it could be “weaponized” in recent weeks. Some have speculated the company’s lack of transparency surrounding its dollar-backed crypto offering could mean insolvency. Last week, Tether removed almost half the USDT in circulation and burned them. But, rather than imploding, what if the company is simply winding down?
Perhaps the most controversial crypto projects in existence is Tether. The project continues to be embroiled in numerous controversies, leading many within the community not to trust it and the USDT tokens it offers.
Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times and now it seems all that is a lie.
Could Tether be making an exit? If you own Tether, you better pay attention.
Watch this video on The Crypto Conspiracy Podcast – Episode 10 - The Tether Controversy, then please share with your friends and family on social media and use the caption The Crypto Conspiracy Podcast – Episode 10 - The Tether Controversy
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