> Created by Holepunch, a Tether-backed company
Is this the same Tether as in the USDT stablecoin that's been accused of pumping up the volume in Bitcoin markets and possibly being secretly insolvent?
Is this the same Tether as in the USDT stablecoin that's been accused of pumping up the volume in Bitcoin markets and possibly being secretly insolvent?
I understand that, as it stands today, Holepunch appears to be operated or contributed to by several staff members from Bitfinex and Tether. However, if Holepunch is open source and Tether were to implode, Holepunch would still exist and could be adopted by anyone, irrespective of Tether/Bitfinex, etc., correct?
it's like seeing something was a java applet or activex component in the 2000s
and we know that because they’ve been investigated by multiple authorities in the US and paid fines for that specific reason?
just making sure we are on the same page about the controversy
Banks are allowed to have fractional reserve. Tether's whole promise was that they would keep 1:1 reserves.