Tether prints 250,000,000 USDT - Fri May 2018
https://omniexplorer.info/tx/23407cc132443fe5eff94d19ca016705623ca490c74d1a215a1026d801972263
Are you saying that Tether is a fraud? Just curious. I've been trying 2 follow this story but still don't know enough about it. Sounds like maybe they have reserves, maybe they don't.
Personally, I doubt they have the $2.7 Billion outstanding in a legitimate bank somewhere. What bank would let them do that? Tether would be considered a "Money Services Business."