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RE: Tether Generates Another $250m Worth of USDT Tokens

It is very unlikely that they are actually backed 1:1. They fired their independent auditor over some kind of disagreement last I heard. This does not sound good, but the problem is that USDT is so integrated in the crypto markets now, its really going to hurt bad if it collapses. Honestly, I would like to see more exchanges SLOWLY start trimming away USDT pairings to solve this so there is no sudden panic. IF it can happen slowly and carefully I think we can escape this with minimal damage honestly.

Coin Marketplace

STEEM 0.23
TRX 0.12
JST 0.029
BTC 66222.23
ETH 3563.16
USDT 1.00
SBD 3.10