Analysis of information sources in references of the Wikipedia article "Tether (criptomoeda)" in Portuguese language version.
Tether, the cryptocurrency stablecoin that says it's backed one-for-one by fiat currencies, released a reserves breakdown for the first time that showed a large portion in unspecified commercial paper. The company has faced questions over both its reserves and whether it was used to manipulate cryptocurrency prices. In February, Tether settled a legal dispute with the New York Attorney General's Office and paid a fine of $18.5 million.
Tether, which was founded under the brand name Realcoin in 2014, isn't decentralized like Bitcoin or many other cryptocurrencies: One company owns, mints, and manages the Tether supply, which means it's also not transparent. And Tether isn’t scarce; unlike currencies that are 'mined', its production isn’t bound by math and code that titrate the supply. Tether Limited, the company behind the eponymous coin, can mint as many coins as it wants.
nothing has drawn more criticism than the operation of Tether, a virtual currency that is supposed to be tied – or tethered – to the value of a dollar. … Tether and Bitfinex have insisted that the two operations are separate. But leaked documents known as the Paradise Papers, which were made public this month, show that Appleby, an offshore law firm, helped Mr. Potter and Mr. Devasini, the Bitfinex operators, set up Tether in the British Virgin Islands in late 2014. One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up.
Tether, the cryptocurrency stablecoin that says it's backed one-for-one by fiat currencies, released a reserves breakdown for the first time that showed a large portion in unspecified commercial paper. The company has faced questions over both its reserves and whether it was used to manipulate cryptocurrency prices. In February, Tether settled a legal dispute with the New York Attorney General's Office and paid a fine of $18.5 million.
There isn't hard evidence the cash supporting it exists(inscrição necessária)
nothing has drawn more criticism than the operation of Tether, a virtual currency that is supposed to be tied – or tethered – to the value of a dollar. … Tether and Bitfinex have insisted that the two operations are separate. But leaked documents known as the Paradise Papers, which were made public this month, show that Appleby, an offshore law firm, helped Mr. Potter and Mr. Devasini, the Bitfinex operators, set up Tether in the British Virgin Islands in late 2014. One persistent online critic, going by the screen name Bitfinex’ed, has written several very detailed essays on Medium arguing that Bitfinex appears to be creating Tether coins out of thin air and then using them to buy Bitcoin and push the price up.
Tether, which was founded under the brand name Realcoin in 2014, isn't decentralized like Bitcoin or many other cryptocurrencies: One company owns, mints, and manages the Tether supply, which means it's also not transparent. And Tether isn’t scarce; unlike currencies that are 'mined', its production isn’t bound by math and code that titrate the supply. Tether Limited, the company behind the eponymous coin, can mint as many coins as it wants.
There isn't hard evidence the cash supporting it exists(inscrição necessária)