Tether is a money-printing scam by a company who had their bank account frozen, so instead of handling USD they came up with the wonderful scheme of USDT.
https://medium.com/@bitfinexed/spoiler-alert-the-institution...
Tether is a money-printing scam by a company who had their bank account frozen, so instead of handling USD they came up with the wonderful scheme of USDT.
https://medium.com/@bitfinexed/spoiler-alert-the-institution...
"Absent a reasonable legal justification not to redeem Tether Tokens, and provided that you are a fully verified customer of Tether, your Tether Tokens are freely redeemable.
Persons ordinarily resident in, and nationals of, Prohibited Jurisdictions or Sanctioned Persons under Applicable Sanctions Laws; Persons and Government Officials believed or suspected to be transacting in the proceeds of corruption, bribery, or other crimes under Applicable ABAC Laws; and Persons believed or suspected to be engaged in money laundering or terrorist financing under Applicable AML/CTF Laws are not permitted to be customers of Tether; are not permitted to cause Tethers to be issued or redeemed; and, are not permitted to hold or transact in Tether Tokens.
Furthermore, residents of certain U.S. states are not permitted to be customers of Tether; are not permitted to cause Tethers to be issued or redeemed; and, are not permitted to hold Tether Tokens.
Beginning on January 1, 2018, Tether Tokens will no longer be issued to U.S. Persons."