Tether ordered to produce documents showing backing of USDT [pdf]
I don’t understand why people get so up in arms about Tether. They are obviously doing illegal/scammy things (fractional reserve, etc), so why don’t people just stop buying Tether because it’s obviously a terrible investment.<p>They’re not exactly killing puppies here, they are just lying about funny internet money. There are plenty of other more reputable stablecoins out there if you insist on holding onto stablecoins for whatever reason instead of US dollars themselves.<p>Usually when you ignore liars they eventually stop talking. Why can’t we just ignore Tether until it goes away?