In alternate for the haircut, they invented a brand new unit of account, the BFX token, which tracked greenback-denominated losses to the haircut. Now you will have a verified account, go to “Deposits” and discover a preferred cost option. I have not found an excellent use case but, or the revolutionary expertise advances that my associates tell me exist, however I have discovered some frauds. Really brief model: Tether is basically solvent but laundering (proper at that time); named some jurisdictions (partially right); mechanism is FBO accounts with attorneys (I believe that was right once but didn’t describe them CCC or their Noble/Deltec accounts); predicted freezing of bank accounts (right); predicted liquidity disaster (right); predicted Kraken fails first (in all probability mistaken; they have been my guess on the time for who was most mixed up with Tether because of being an accessible onramp/offramp within the U.S.). Tether claims there at the moment are greater than $four billion.
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