Will Tether prove itself?

Yugocean

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Tether is to be audited on the orders of South District federal court of New York. The Audit will determine if Tether 's USDT reserve is actually backed by USD or not. Will the company prove itself?
 
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Enxx

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I don't understand this. Usdt is a currency on its own and I don't think it has any thing to do with USD other than it's equal value.
 

riberet19

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I sincerely believe that if tether (USDT) wants to stay alive both his stablecoin and his company should prove their holdings in their audit, otherwise there will be no room for him in the cryptographic ecosystem with the regulations that are being carried out and those that are coming.
 

gammarays

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I think with their network, raising billions of dollars won't be a hard task. Tether is affiliated with brands such as Tron foundation, Binance and others. They can raise the funds but people are scared of their real holdings.
 
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