A response to Tether releasing their prior audits.

Responses to Tether’s recent claims

Source (Archive)
Source (Archive)

“ We have been busy establishing a global network of money-transfer channels designed to be resilient against further aggressive action from correspondent banks. We have also opened an escrow-based relationship with a U.S.-based institution to service qualified corporate customers. While we are aware of and understand users’ desire for specific, public updates, we believe at this time that it would be a mistake to be too forthcoming about the specifics of any particular money transfer solution.”

Source (Archive)
Source (Archive)

“ Our Terms of Service have been carefully picked apart by various malcontents and twisted to suggest that Tethers would not be redeemable for currency on some bizarre, malicious whim by Tether. That is untrue.”

You did.

Source

While we reserve the right not to redeem for any particular customer, as we must, we will not do so for no reason. We have a duty to try to ensure that our service is not being used by persons from sanctioned countries, that is otherwise on a sanctions list, or that has some background check problem.

How to make a Good Faith effort to back Tethers right now

Tether circulation at the time of this post.

With all of that said…

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