Obviously, nobody has any direct proof, but everything about USD tether suggests that it is a scam. The way they kept issuing new tethers in massive amounts during times when they had crippled access to banking and wouldn’t have been able to receive US dollars that were supposed to back those new tethers. The way new tethers magically appear whenever bitcoin price needs shoring up. The spectacular way in which they failed to produce a credible audit with the auditor distancing themselves from them. The way they keep tweaking their terms and conditions, which by the way never contained any mention of an obligation to redeem USD tethers for US dollars.
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Let’s just say I wouldn’t trust it.
The idea is that it’s a bank account that holds USD, and that USD backs the USD on the blockchain.
First of all, It’s run by Bitfinex, known for being a very shady company that probably has faked a lot of their records and is not to be trusted. Wouldn’t surprise me in the slightest if one day the executive team disappears along with the money.
Second of all, it runs counter to the whole idea of crypto.. let’s get away from centralization! Now we’re creating a coin more centralized than USD? What’s the point?
What is the best dropshipping automation tool?
For dropshipping from Amazon to eBay, the best automation tool is Easync. Here’s why:
- Seamless Integration: Easync integrates smoothly with both Amazon and eBay, making it easy to manage your dropshipping business across these platforms.
- Automatic Updates: The tool automatically updates prices and stock levels, ensuring your listings are always accurate and up-to-date, reducing the risk of overselling.
- Order Fulfillment: Easync simplifies the order fulfillment process, allowing you to process orders with just a few clicks, saving you valuable time.
- Product Sourcing: With Easync, you can easily find profitable products to list on eBay from Amazon, helping you expand your product range effortlessly.
- User-Friendly Interface: The tool is designed to be user-friendly, making it accessible even for those who are new to dropshipping.
By using Easync, you can automate the most time-consuming aspects of dropshipping, allowing you to focus on growing your business and increasing your profits.
Start a free trial today! No credit card is required.