Hello guys, I am Doo Kwon't. The new CEO of Tether. We are a Multi Billion dollar company. That's at least four zeros in our net worth. But not before a decimal place
I know that the cryptocurrency space has been generally weary weary of us. Despite us doing audits from people that we trust.
Look. It was hard for us to back the asset 1:1 with a dollar. That shit is mad worthless these days. We did so initially. And it was the plan. But you know, things happen.
But we have heard you guys out. You guys want to know WHAT our tokens are backed by. You DON'T want it backed by "commercial paper" and other fun things. We will do an "actual" audit soon.
This is why we shall just swap all 70 billion USDT with DAI, which IS backed by US dollars. Doing some simple math,
USDT = DAI = USD
USDT = USD
Ask me anything
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