The truth is easily checkable. I wonder why you're saying stuff that's provably false.
For some time, the website read: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.”
...
In February 2019, this text changed to: “Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, ‘reserves’).”
I hope you understand that after the first statement, EVERYTIME they don't have 100% of the tether backed by currency is fraud. And it wouldn't matter if it was all there now in the same way an accountant is a criminal if they gamble with client funds even if they manage to put all money back before it's missed.
For some time, the website read: “Every tether is always backed 1-to-1, by traditional currency held in our reserves.”
...
In February 2019, this text changed to: “Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, ‘reserves’).”
I hope you understand that after the first statement, EVERYTIME they don't have 100% of the tether backed by currency is fraud. And it wouldn't matter if it was all there now in the same way an accountant is a criminal if they gamble with client funds even if they manage to put all money back before it's missed.