Well the day is finally here, we have Tether CTO and General Counsel on CNBC to assuage all the FUD going around.
For those too lazy, here are the big questions and answers for ya!
How are reserves backed? “Trust me its all good”
Can you tell us about intermediary banks you use to buy paper for reserves? “We can’t disclose that but trust me it’s all good”
There’s a lot of distrust of Tether, comments? “Trust me our customers love us and trust us”
Where’s the CEO? “He’s working hard. Tether is a tech company so CTO is enough”
Don’t forget folks, the execs have also kindly reminded us at least 10x that Tether is the most transparent and trusted stablecoin in crypto!
…please for the love of God use UST, USDC, BUSD, DAI, or anything other than Tether.
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