Strong Words From Tether (USDT) CTO About FUD In The Market!

Controversial and most overlooked as it diverges from some stablecoins losing their peg to $1 Tether (USDT) The CTO made a statement on the subject.

USDT CTO: “Desperately FUD Being Done About Us”

Cryptocurrency Company CTO Paolo Ardoino said on his official Twitter account:

“For years, anti-Tether and MSM have been scapegoating Tether.

While they were producing, feeding, and petting their industry heroes, they were actually using Tether as a distraction for their own failings.

First they said Tether has no reserves. And Tether proved them wrong.

They then said that Tether has 70% reserves deposited in Evergrande. Tether proved them wrong again.

They said Tether couldn’t hire a large accounting firm to work on its audits. And Tether proved them wrong by signing up with BDO, a top 5 accounting firm.

Now these liars and MSM are desperately FUD on Tether’s secured loans.”

one/ [sauce on tweet #6]For years, Tether truthers and MSM have been painting Tether as the black sheep.
While they were creating, feeding and caressing their industry gods, they were in fact using Tether as a distraction from their own failures.

— Paolo Ardoino 🍐 (@paoloardoino) December 13, 2022

“In reality, Tether-backed loans are secured by highly liquid assets, not small sworn collateral.

Tether will once again show the deep care it has and always will have for the community and the Bitcoin industry.

As we do with commercial papers, Tether will gradually reduce its secured loan program to 0 through 2023, starting now.

Let’s see what kind of FUD they will throw at us next. Don’t ask Tether to be Wall Street’s toy. This issue has been met with great success by our competitors.

We will continue to focus on emerging markets and all those communities in developing countries that banks have given up.”

*Not investment advice.