So nobody knows if Tether is backed because: \* it isn't and Tether wants to kee... | Hacker News

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		35fbe7d3d5b9 on Nov 23, 2020 \| parent \| context \| favorite \| on: Are pixie fairies behind Bitcoin's latest bubble? So nobody knows if Tether is backed because: * it isn't and Tether wants to keep people in the dark * it is, but a hammer is ready to fall that probably involves OFAC freezing funds Any other options I'm missing? Because neither of those look good.

darawk on Nov 28, 2020 [–]

People have been saying this for years now. Not only has nothing materialized, but the price has barely ever deviated from the 1:1 peg.

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