{"id":18705817,"url":"https://github.com/openblockchains/awesome-tetherino","last_synced_at":"2026-02-01T15:32:07.670Z","repository":{"id":98534859,"uuid":"2828907","full_name":"openblockchains/awesome-tetherino","owner":"openblockchains","description":"Awesome Tetherino - 60 000+ Million $USDT Crypto \"Stable\" Coin Printed Out of Thin Air and Officially Backed by Commercial Paper (2-Ply Rated Soft - Yes, Trust Us, Don't Verify) - Inside the Tether Ponzi Scheme - A Bubble for the History Books and Fraud on the Scale of Madoff","archived":false,"fork":false,"pushed_at":"2021-10-20T19:10:37.000Z","size":898,"stargazers_count":54,"open_issues_count":0,"forks_count":4,"subscribers_count":2,"default_branch":"master","last_synced_at":"2026-01-28T12:16:02.997Z","etag":null,"topics":["crypto","cryptotulips","ponzi","tether","tetherino","usdt"],"latest_commit_sha":null,"homepage":"","language":null,"has_issues":true,"has_wiki":null,"has_pages":null,"mirror_url":null,"source_name":null,"license":"cc0-1.0","status":null,"scm":"git","pull_requests_enabled":true,"icon_url":"https://github.com/openblockchains.png","metadata":{"files":{"readme":"README.md","changelog":null,"contributing":null,"funding":null,"license":"LICENSE.md","code_of_conduct":null,"threat_model":null,"audit":null,"citation":null,"codeowners":null,"security":null,"support":null,"governance":null,"roadmap":null,"authors":null}},"created_at":"2011-11-22T16:04:45.000Z","updated_at":"2025-10-17T16:50:16.000Z","dependencies_parsed_at":"2023-05-29T09:15:29.514Z","dependency_job_id":null,"html_url":"https://github.com/openblockchains/awesome-tetherino","commit_stats":null,"previous_names":["libsjs/jquery.debug.js"],"tags_count":1,"template":false,"template_full_name":null,"purl":"pkg:github/openblockchains/awesome-tetherino","repository_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/openblockchains%2Fawesome-tetherino","tags_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/openblockchains%2Fawesome-tetherino/tags","releases_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/openblockchains%2Fawesome-tetherino/releases","manifests_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/openblockchains%2Fawesome-tetherino/manifests","owner_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners/openblockchains","download_url":"https://codeload.github.com/openblockchains/awesome-tetherino/tar.gz/refs/heads/master","sbom_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/openblockchains%2Fawesome-tetherino/sbom","scorecard":null,"host":{"name":"GitHub","url":"https://github.com","kind":"github","repositories_count":286080680,"owners_count":28981088,"icon_url":"https://github.com/github.png","version":null,"created_at":"2022-05-30T11:31:42.601Z","updated_at":"2026-02-01T13:38:33.235Z","status":"ssl_error","status_checked_at":"2026-02-01T13:38:32.912Z","response_time":56,"last_error":"SSL_connect returned=1 errno=0 peeraddr=140.82.121.5:443 state=error: unexpected eof while reading","robots_txt_status":"success","robots_txt_updated_at":"2025-07-24T06:49:26.215Z","robots_txt_url":"https://github.com/robots.txt","online":false,"can_crawl_api":true,"host_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub","repositories_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories","repository_names_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repository_names","owners_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners"}},"keywords":["crypto","cryptotulips","ponzi","tether","tetherino","usdt"],"created_at":"2024-11-07T12:12:00.426Z","updated_at":"2026-02-01T15:32:07.649Z","avatar_url":"https://github.com/openblockchains.png","language":null,"readme":"# Awesome Tetherino - 60 000+ Million $USDT Crypto \"Stable\" Coin Printed Out of Thin Air and Officially Backed by Commercial Paper (2-Ply Rated Soft - Yes, Trust Us, Don't Verify) - Inside the Tether Ponzi Scheme - A Bubble for the History Books and Fraud on the Scale of Madoff\r\n\r\n\r\n\u003e Tether has surpassed a $60 Billion market cap! In May 2020, Tether tokens' market cap was $8 Billion,\r\n\u003e now a year on we've seen an increase of 581% and demand for Tether token use higher than ever for both trading and retail adoption!\r\n\r\n![](i/tether-60bn.png)\r\n\r\n\u003e \"Sometimes we wonder whether we are dreaming because the growth has been incredible\". What's next? \r\n\u003e Get to know more about Tether's transparency, ecosystem initiatives, and future plans through the words of Paolo Ardoino and Stuart Hoegner.\r\n\u003e\r\n\u003e If you look at the history of Tethers growth you'll see that it took a bit of time\r\n\u003e for cryptocurrency exchanges to understand why it was important to have Tether $USDT replace $USD in the crypto markets.\r\n\u003e Tether $USDT is a reliable and quick liquid utility\r\n\u003e [- a money printer \u0026 lender of last resort. Cryptocurrency exchanges can cash-out bagHODLers anytime in...  $USDT!\r\n\u003e Tether's market cap is growing fast, with a monthly increase of $10 Billion. Will we reach $100 Billion before 2022? 🚀🚀🚀]\r\n\u003e \r\n\u003e \"Tethers are 100 percent backed, full-stop,\" said Stuart.\r\n\u003e\r\n\u003e -- Official Tether Week Podcast with Paolo \u0026 Stuart  \r\n\r\n\r\n§§§\r\n\r\n\r\n\u003e We have not entered \"Post Tether\" yet. Tether is still furiously printing\r\n\u003e digital ($USDT) bucks. Who believes Bitcoin's price is organic?\r\n\u003e It's not - it's a Ponzi, and Tether is its Little Helper.\r\n\u003e\r\n\u003e Austrian Maximalist comments:\r\n\u003e\r\n\u003e\u003e Bitcoin is not a ponzi. It is a monetary network, first of its kind.\r\n\u003e\u003e Currently valued at a thousand billion dollars. What am I missing?\r\n\u003e\r\n\u003e §\r\n\u003e\r\n\u003e If you can print billions and billions in fake money, you can make the\r\n\u003e price of Bitcoin whatever you want - until too many people try and cash\r\n\u003e out, that is.\r\n\u003e\r\n\u003e -- Amy Castor, Blockchain \u0026 Financial Journalist\r\n\r\n§\r\n\r\n\u003e Tether is \"too big to fail\" - the entire crypto industry utterly depends on\r\n\u003e it. We just topped ~twenty~ sixty billion alleged dollars' worth of tethers ($USDT).\r\n\u003e If you think this is sustainable, you're a fool.\r\n\u003e\r\n\u003e  -- David Gerard, Blockchain Journalist \u0026 Historian\r\n\r\n§\r\n\r\n\u003e Congrats on writing about Bitcoin's price without mentioning Tether ($USDT).\r\n\u003e It's like writing about bond yields without mentioning inflation and the Fed.\r\n\u003e\r\n\u003e §\r\n\u003e\r\n\u003e Now you have Tether and $USDT. 60+ billion almost dollars governed by a\r\n\u003e five-page disclaimer that $USDTs are backed by whatever Tether wants, at\r\n\u003e whatever valuations Tether finds convenient. No credit rating, no bank,\r\n\u003e no auditor, no offices, no CEO and CFO, no guarantee whatsoever.\r\n\u003e\r\n\u003e §\r\n\u003e\r\n\u003e The USDT/USD peg is founded on the premise that people won't try\r\n\u003e to cash out en masse. As long as they don't, USDT printing can continue.\r\n\u003e\r\n\u003e §\r\n\u003e\r\n\u003e Why should Tether spend all its money (it is theirs, after all -\r\n\u003e $USDT holders don't have a legal claim on Tether's reserves)\r\n\u003e trying to save the crypto markets, when they collapse?\r\n\u003e How many years would it take them to rebuild their war chest,\r\n\u003e assuming that crypto bounces back?\r\n\u003e Why not party on a yacht in Monaco instead?\r\n\u003e\r\n\u003e  -- Trolly McTrollface, Bitcoin Greater Fool Court Jester\r\n\r\n§\r\n\r\n\u003e Hindenburg Research Announces $1,000,000 Bounty For Details On Tether's Backing\r\n\u003e\r\n\u003e Tether is a key underpinning of the multi-trillion-dollar crypto market. \r\n\u003e Yet despite its repeated claims of transparency, its disclosures around its holdings have been opaque. \r\n\u003e The company claims to hold a significant portion of its reserves in commercial paper yet has disclosed virtually nothing about its counterparties.\r\n\u003e\r\n\u003e Hindenburg has doubts about the legitimacy of Tether’s backing due to the company's sparse disclosures.\r\n\u003e\r\n\u003e Tether has been referred to as a \"stablecoin\" in the crypto space due to the company's historical claims\r\n\u003e that it was equivalent to $1 USD and was backed 1-to-1 by \"traditional currency\" reserves.\r\n\u003e\r\n\u003e Since those claims that garnered it \"stablecoin\" status were made years ago, Tether subsequently \r\n\u003e revealed that its coin was backed only by a small percentage of traditional currency, \r\n\u003e and that much of its backing consists of holdings in commercial paper issued by unnamed counterparties.\r\n\u003e\r\n\u003e Despite multiple regulatory sanctions over its alleged lack of truthful disclosure about its reserves, \r\n\u003e and despite Tether now having a $70 billion market cap, Tether still refuses to provide transparency to the public on its holdings.\r\n\u003e\r\n\u003e Recent reporting has indicated that Tether's claims would make it one of the largest holders \r\n\u003e of commercial paper in the world. But major trading desks stated to the press \r\n\u003e that they had never worked with them or seen them in the market.\r\n\u003e\r\n\u003e Securities and Exchange Commission Chair Gary Gensler said in September of this year that stablecoins \r\n\u003e were acting as \"poker chips\" at the crypto Wild West \"casino gaming tables\".\r\n\u003e\r\n\u003e Gensler said he feared that: \"the SEC will keep bringing these enforcement cases but there's gonna be a problem, \r\n\u003e on lending platforms, on trading platforms, and, frankly, when that happens... a lot of people are going to get hurt.\"\r\n\u003e\r\n\u003e Hindenburg Research seeks to help advance the public's knowledge of what it believes \r\n\u003e is a growing threat to investors by encouraging disclosure related to a crucial part of the crypto markets, which are nearing \"systemic\" size.\r\n\u003e\r\n\u003e -- [Hindenburg Research Announces $1,000,000 Bounty For Details On Tether's Backing](https://hindenburgresearch.com/tether/), October 2021\r\n\r\n\r\n\r\n## Tetherino HQ\r\n\r\n\r\nWebsite: [**tetherino.io**](https://tetherino.io/), Twitter: [**tetherino**](https://twitter.com/tetherino)\r\n\r\nTetherino once stayed behind in the shadows, watching my big Tether step-brother print and print but no more! I'm ready to take over the family business and print even more than my famous brother! Pump the markets!\r\n\r\n\r\n**Whitepaper**\r\n\r\n![](i/tetherino-whitepaper-i.png)\r\n\r\n![](i/tetherino-whitepaper-ii.png)\r\n\r\n![](i/tetherino-whitepaper-iii.png)\r\n\r\n\r\n\r\n## Q\u0026A with Paolino Ardoino, the CTO of Tetherino\r\n\r\n\r\n**Q: Please tell me about Tetherino's technology.**\r\n\r\n**Paolino Ardoino:**\r\nWell from a purely technological perspective, Tetherino is absolute shit. I launched it in under five minutes by clicking on the first result when you google \"launch your crypto token in under five minutes\".\r\n\r\nThe only purpose of technology in crypto is to add just enough layers of complexity to every scam so scammers can get off the hook. This is what we're shooting for.\r\n\r\n**Q: Very interesting. What else can you tell me about your token?**\r\n\r\n**Paolino Ardoino:**\r\nIt's very important for people to understand that there's nothing\r\nbehind our token. No backing, no reserves, no commercial toilet paper, no assurances, no white paper. Fundamentally, the value of a tetherino is zero.\r\n\r\n**Q: Amazing. I hear you already have a logo and even a website. What are your next steps?**\r\n\r\n**Paolino Ardoino:**\r\nYes we're very proud of our progress so far. Our next steps are to communicate about our token on social media from anonymous accounts and hope people start buying our illiquid token with other, slightly more liquid tokens, which we'll try and cash out for real money.\r\n\r\n**Q: So you're just following the basic roadmap of all coins and tokens in crypto?**\r\n\r\n**Paolino Ardoino:**\r\nOn the surface, yes. Nothing special about us, no use case, no vision, we don't understand anything about finance have zero willingness to learn.\r\n\r\n**Q: There is literally no barrier to entry in creating a new token. What makes you think you'll be successful, given the fierce competition from millions of other crypto scammers out there?**\r\n\r\n**Paolino Ardoino:**\r\nCrypto has gone through a paradigm shift over the last few months. Everybody understands that the technology is shit, and that it's all about money laundering and memes.\r\n\r\nMost of the existing projects bear the burden of their image. Their teams spent so long bullshitting about their technology and network effect that they can no longer pivot to memes without looking stupid. So as crypto has moved from pretend fintech to the entertainment business, all the other coins and tokens have lost their relevance.\r\n\r\nTetherino doesn't have this burden of legacy. We are giving the investors what they want - pure memes, military grade entertainment and shitposting. Our bagholders recognize and appreciate that.\r\n\r\n\r\n**Q: But what about projects like Ripple and Chainlink? Surely their investor base has been built around memes and not technology as well?**\r\n\r\n**Paolino Ardoino:**\r\nThey have been the pioneers in this area, yes, but they had to build their meme framework from scratch, which took a lot of time and effort, and now they're stuck with an outdated meme infrastructure that's a nightmare to maintain.\r\n\r\nTetherino on the other hand, can take advantage of existing frameworks of comedy gold around tokens like $USDT and $USDC. We can build on top of this existing meme infrastructure, and roll out our next generation memeing which will make Tetherino a success.\r\n\r\n**Q: Aren't you afraid that by being so straightforward and open about your plans, people won't buy your tokens?**\r\n\r\n**Paolino Ardoino:**\r\nOn the contrary. People are fed up with all the lies and scams in crypto. They want revenge, they want closure. We give them that. By buying tetherinos, you're not simply betting that you'll be able to offload your bags on the next sucker at a higher price. You're buying entertainment, you're rewarding all the people who are working very hard to make fun of the scammers and the crooks. Join the revolution, brother! Long tetherinos, short the crooks!\r\n\r\n\r\n §§§\r\n\r\n\r\nLess than 12 hours after our first Q\u0026A was published, Paolino's Twitter account was suspended by Twitter without any warning or explanation. It's obvious that Tetherino, the young and ambitious project that aims at revolutionising crypto by deploying its proprietary next-gen memeing framework, is seen as a threat by the crypto establishment. Here's an emergency update of the situation, as it happens.\r\n\r\n\r\n**Q: Less that an hour ago, I learned that your account was being censored. It looks like vested interests are trying to kill Tetherino in the egg.**\r\n\r\n**Paolino Ardoino:**\r\nAbsolutely. Thank you so much for doing this second interview under such short notice. Time is of the essence here. Crypto insiders must have learned of our secret partnership project with a toilet paper manufacturer. We are about to achieve a groundbreaking revolution in the industry.\r\n\r\n**Q: Unbelievable. How do you think they've learned about this partnership?**\r\n\r\n**Paolino Ardoino:**\r\nI tweeted about it a couple of hours ago.\r\n\r\n**Q: They must have spies everywhere. What's the project about?**\r\n\r\n**Paolino Ardoino:**\r\nWe will unveil a feature on our website that will allow people to use tetherinos to buy double ply, extra soft, A-2 rated commercial toilet paper on our website. This will put us ahead of virtually 100% of the competition, by giving an actual, real world use case to tetherinos. No wonder the crypto establishment feels threatened.\r\n\r\n**Q: I'm at loss for words. How did you manage to come up with such a new paradigm?**\r\n\r\n**Paolino Ardoino:** Well we were thinking that you can't really do anything with tokens other than buying other tokens. Then we remembered the Bitcoin pizza, how it became a killer meme for Bitcoiners, and decided to do the same for tetherinos. It made absolute sense, especially as you need toilet paper after pizza.\r\n\r\n**Q: Aren’t you fearing for your life right now?**\r\n\r\n**Paolino Ardoino:**\r\nAbsolutely. To think that people who supposedly manage tens of billions of dollars, in reality spend their days spying on Twitter parody accounts with 50 followers truly sends chills down my spine. If they took their time to file a complaint, putting aside all the super important stuff that they undoubtedly need to take care of, what else can they do?\r\n\r\n**Q: Will you quit?**\r\n\r\n**Paolino Ardoino:** I thought about it. But then, I realised this cowardly attack is simply proof that the competition is afraid. They are losing the innovation race. Unable to keep up with our next-gen memeing technology, they are resorting to dirty tricks. In doing so, they have already put on their LOSER hats.\r\n\r\n**Q: You are incredibly brave, Paolino. Do you want to add something?**\r\n\r\n**Paolino Ardoino:**\r\nYes. I want our investors to know that I love them, that I feel all their support, and that they'll soon be able to buy double ply, extra soft, A-2 rated commercial toilet paper rolls for 1,000,000,000 tetherinos apiece, with international delivery, conditions might apply. The price will be revised downwards as tetherinos moon, because, as everyone knows, our tokens are deflationary.\r\n\r\n\r\n**You're truly doing God’s work, Paolino. God speed!**\r\n\r\n\r\n\u003c!--\r\n  sources:\r\n  http://www.tr0lly.com/tetherino/an-interview-with-paolino-ardoino-the-cto-of-tetherino/\r\n  http://www.tr0lly.com/tetherino/emergency-interview-with-paolino-ardoino-cto-of-tetherino/\r\n  --\u003e\r\n\r\n\r\n## Tetherino is Setting a New Standard for Transparency - And Responding to Criticism That is Backed by Real Cash\r\n\r\nby Stuartino Hoegnerino, the General Counsel of Tetherino\r\n\r\nCrypto insiders claim to have new technologies, ideas, or visions that will change the world. \r\nThey hope people pretend to believe them in the hope that someone else will buy their shitcoins \r\nfor more than they have paid for them. So they entertain a Potemkin façade of debate and what they call \r\n\"healthy scepticism\", as long as it doesn't threaten their fragile ego and don't trigger \r\ntheir small dick syndrome.\r\n\r\nAs a member of this community, Tetherino issues a token. \r\nLike all other tokens and coins in the crypto ecosystem, tetherinos peg their value \r\nto the hopes and dreams of their bagholders, who pray 24/7 that the founders \r\nwho own 90% of the supply with a basis cost of zero won't rug pull them \r\nbefore they're able to dump their tokens or coins on even greater fools than themselves.\r\n\r\n**Our lack of attestation proves that we're not backed**\r\n\r\nDespite our best efforts, some FUDsters have tried to spread rumours that me might be backed \r\nby real commercial paper of bonds that are investment grade and not completely worthless \r\naccounting entries created out of thin air when we issue tetherinos to our good friends and accomplices. \r\nI cannot stress it enough, this is a lie. We don't follow any established accounting practices \r\nbut the ones me make up on the go. The commercial paper and bonds in our portfolio are completely made up. \r\nWe have a little bit of cash, sure, but that's just because we got lucky at the roulette table \r\nlast night and forgot to wire it to our personal account in Canada.\r\n\r\n**Our settlement with the New York Attorney General's (NYAG) office should be seen as a measure of our desire to put the matter behind us**\r\n\r\nIf you think the title above makes absolutely no sense, \r\ncongratulations, you can read. FYI, we have provided exactly one page of documents to the AG, \r\nto which she answered, \"wow, that's exactly what I needed, thanks!\", and we were done. \r\nIt took us 15 minutes to settle the matter. We agreed we would publish a pie chart \r\nwhere we show that we own zero assets and that our tokens are not backed, \r\nand that's it. We swore we'll never do business in NY, and we won't, \r\nbecause we have no clue how to do business in NY.\r\n\r\n**Our reserves breakdown offers complete transparency into Tetherino's reserves**\r\n\r\nWe're not backed. This is shown by our reserves breakdown that's just a blank page with nothing on it. \r\nYou can buy our coins on the sole assumption that you're early and you're getting in on the ground floor \r\nof a potentially successful decentralised pyramid scheme where our memeing and relentless \r\nshitposting will manage to create a base of suckers who will buy the early adopters' bags for 1000x the price.\r\n\r\n**Words and actions and bullshit**\r\n\r\nThis part is about inspiring you to buy more tetherinos with real hard cash.\r\nWe'd like you to imagine that by doing so, you're challenging the status quo and making bankers \r\nand other people who you envy fear for their lives. \r\nThe more tetherinos you buy, the more you'll stick it to everyone who are successful and happy and fulfilled. \r\nIf you buy enough tetherinos, that hot chick from flat 103 in your building will break up \r\nwith her surfer boyfriend because his dick will fall off. \r\nThen if you keep buy more tetherinos she will secretly fantasise about you in secret, \r\nwithout ever revealing it. BUY TETHERINOS.\r\n\r\n\u003c!-- source:\r\nhttps://stuartinohoegnerino.medium.com/tetherino-is-setting-a-new-standard-for-transparency-and-responding-to-criticism-that-is-backed-9971812cfc23\r\n--\u003e\r\n\r\n\r\n## What If?  A day in the life of Stuart(ino) Hoegner(ino), General Counsel for Tether(ino)\r\n\r\n\u003e  It's amazing the time and resources Tether spends on hunting down and harassing critics.\r\n\u003e  [...]\r\n\u003e  I will take the piece down, even though it's obviously satire.\r\n\u003e  [...]\r\n\u003e  I'm really proud of my piece \"A day in the life of Stuart Hoegner, General Counsel for Tether\",\r\n\u003e whose title is a reference to the book \"One Day in the Life of Ivan Denisovich\", by Aleksandr Solzhenitsyn,\r\n\u003e a vocal critic of the USSR who did 8 years in a Siberian Gulag for having the audacity of writing stuff.\r\n\u003e [...]\r\n\u003e I think we live in meme world where the most efficient way\r\n\u003e to fight evil is to make fun of it in a way that makes\r\n\u003e it lose its credibility.\r\n\u003e\r\n\u003e -- Trolly McTrollface, Bitcoin Greater Fool Court Jester\r\n\r\n\u003c!--\r\n https://twitter.com/Tr0llyTr0llFace/status/1396729914615910406\r\n--\u003e\r\n\r\nNote: This is the satirical post that Trolly McTrollface wrote on his blog.\r\nFeel free to put a copy up.\r\nHere are others: [[David Gerard](https://davidgerard.co.uk/blockchain/2021/05/24/rehost-tr0lly-a-day-in-the-life-of-stuart-hoegner-general-counsel-for-tether/); [Amy Castor](https://amycastor.com/2021/05/24/rehost-a-day-in-the-life-of-stuart-hoegner-general-counsel-for-tether/); [write.as](https://write.as/mq17sa8ebz9bx.md)]\r\n\r\nMay 18, 2021\r\n\r\nIn light of an anonymous Medium post titled \"Tether is Setting a New Standard for Transparency - And Responding to Criticism That is Untethered From Facts\", written by someone posturing as Stuart Hoegner, the General Counsel for Tether, in a something that looks like pointless attempt to make Tether look like a legitimate business, the truth needed to be told. So here it is, in all its unvarnished glory. A tale of how it all happened.\r\n\r\nThe morning sun was gently piercing through the mist glowing around the harbour. Suart Hoegner was standing by the window, his empty stare aimlessly fixated on the horizon.\r\n\r\nThe coffee cup was sitting on the window sill, untouched, its contents getting cold. Stu was feeling much like that cup, isolated, forgotten, the fire inside of him running out.\r\n\r\nWhat had happened to his dreams? Where was his ambition gone? How did he ever end up in this dead end of a situation, catering to small time Italian crooks, lending them his name, his expertise, his reputation, his life?\r\n\r\nThe people at Deltec would be at the office an hour from now. The Bahamas was in the exact same time zone as Prince Edward County, but what looked like a huge convenience in 2017, when Stu had started working out the relationship, felt like the shackles of a prison four years later. At least Paolo Ardoino was commuting between Monaco and London, leaving five hours of alone time to Stu in the evening when he could try and recollect. Giancarlo Devasini, the international man of mystery and Stu's boss, was popping up here and there sporadically around the world, mostly leaving Stuart alone. But Deltec! These guys were non-stop. Amateurish, overzealous, excited and afraid at the same time, they’d call him a dozen times over the span of a single hour for utterly mundane shit like a weekend wire. \"We can't do this, we can't do it like that, the ISIN code you provided for the bond you say you have on your books doesn't exist, this commercial paper isn't rated...\"\r\n\r\nStuart closed his eyes, and let out a deep sigh.\r\n\r\nHe kind of knew what he was signing up for, when he shook hands with Giancarlo and Paolo, that fateful evening at a gaming conference in Toronto.\r\n\r\nWhen you're a regulated financial institution, you're dealing with the cream of the crop, you have to prove that you're trustworthy and beyond reproach to the most sophisticated players. You're in the limelight, you brush elbows with legends, you dine with intellectuals and people who will leave a mark in this world.\r\n\r\nBut Stu knew he was never going to be up to that level. Stuck in a tiny practice catering to the gaming industry, he was doomed to a life of absolute insignificance and quiet desperation. So he jumped ship, to the gutter.\r\n\r\nWhen you're an unregulated bucket shop scalping muppets, posturing as a revolutionary blockchain fintech something, you never see the limelight. Your job isn't to compete with the top 0.01%, it’s to baffle and bamboozle the bottom 50%. Instead of having fifty accounts worth $100,000,000 each, you'll have to deal with a hundred million accounts worth $50 each. You'll become a joke among your former colleagues, nobody will write to you for a recommendation, your own mom will stop asking how the job's going.\r\n\r\nA tear rolled down Stuart's cheek.\r\n\r\nHe was stuck playing Laurel and Hardy with Paolo, to keep the appearance of legitimacy and technological innovation for Tether, in the eyes of a million suckers who were bagholding their shittoken, USDT. Stu's job was to make sure Tether's employees and accomplices would never say or write something that might incriminate his employer, always keeping a veneer of plausible deniability in the eyes of the law, all the while appearing strong and legitimate in the eyes of the illiterate cannon fodder.\r\n\r\nTwitter was a perfect tool. At the head of an army of anonymous bots, Stu could post bullshit memes and retweet crazy-ass conspiracy theories that made Tether look good. Unable to provide a real audit or any report that would make sense in the real world, he would come up with one worthless attestation after another, drafting legally non-binding opinion letters to be signed by obscure accounting shops.\r\n\r\nCope. Cope. Cope.\r\n\r\n\r\nAnd then one day, his boss came up with this \"Tether leaks\" idea, to discredit Tether critics, who could see through the nail-polish-thin Potemkin façade that Stu had set up, and deemed it worth their time to warn others. Giancarlo instructed Stuart and Paolo to write a series of supposedly leaked emails from Deltec that would be revealing of Tether's fraud, and post them on Twitter, for critics to bite on. They could then reveal that the emails were fake, and that anyone who believed in them was an idiot unworthy of being attention to.\r\n\r\nThis was the straw that broke the camel's back. Stu was stuck forging documents, setting up fake Twitter accounts, and fishing for journalists to take the bait. This was one step too far off his idea of what a legal counsel was supposed to be doing. And to be exposed by an anonymous account going by the name of Trolly McTrollface!\r\n\r\nSomething broke inside him that night. The light went out.\r\n\r\nSuddenly, a sunbeam broke through the mist, and hit Stuart's face. Even with his eyes closed, he could feel the warmth on his face, and let himself bask in this uplifting feeling. A wave of rage and inspiration suddenly crashed up on him. His hands started shaking, as a supernatural force was taking control of his thoughts and movements.\r\n\r\nStuart rushed to his laptop, and started typing. He typed like never before, like he never could. For a moment in time, Stu was transported in a parallel universe, one where he was an actual big boy lawyer, working for a legitimate business, where he could say and write words that had real meanings. A world where his own existence had a meaning\r\n\r\nEstablished and recognized procedures.\r\n\r\nIn accordance with the International Auditing and Assurance Standards Board (IAASB).\r\n\r\nThe vast majority of the commercial paper we hold is in A-2 and above rated issuers.\r\n\r\nThe commercial paper we hold is purchased through recognized issuance programmes.\r\n\r\nThe lion's share of our bond portfolio is investment grade as rated by S\u0026P, Moody's, or Fitch.\r\n\r\nStuart typed, and typed, and typed. For the first time in years, he felt alive. He was proud of himself, albeit in an imaginary way.\r\n\r\nWhen he was done, the sun was high in the sky, and his phone showed fifty seven missed calls. It was like a hole in the continuum of time had engulfed him, chewed him, and spat him out. He was shaking, drenched in sweat, heart racing, his vision blurry.\r\n\r\nHe tried to read what he had written.\r\n\r\nIt was beautiful. A vision of a world that wasn't bullshit, scams, and shame. A world that would never exist anywhere else, but on those two pages of his own creation.\r\n\r\nStu needed to put it out, put in somewhere others could read it. He couldn't post it on his own Twitter account. He couldn’t even admit or deny that it was real or fake. Plausible deniability, all that stuff.\r\n\r\nHe created a new account on Medium, and copy-pasted it there, in all its glory. Then he dropped a link to Paolo.\r\n\r\nSmoke and mirrors, bitch.\r\n\r\n\r\n\r\n §§§\r\n\r\n\r\nDo you prefer non-fiction?\r\nFor background reading try\r\n\"$USDT's Endgame and Life After Tether\"\r\nby Trolly McTrollface, February 15, 2021\r\n\r\n\u003e Tether's days are counted - whether by natural implosion,\r\n\u003e or as a result of regulatory action,\r\n\u003e the stablecoin funding a wide array of offshore crypto activity will\r\n\u003e go the way of the dodo.\r\n\u003e\r\n\u003e [...]\r\n\u003e\r\n\u003e $USDT lifecycle\r\n\u003e\r\n\u003e Tether's stablecoin $USDT is mainly used as a tool for offshore funding.\r\n\u003e The proceeds of each $USDT print are sent mostly to offshore exchanges.\r\n\u003e\r\n\u003e $USDTs are mostly used as collateral for margin trading,\r\n\u003e and for stacking (or \"yield farming\").\r\n\u003e Yield farming is far less reliant on $USDT, but it's still advertised\r\n\u003e as one of the ways to get eye-watering returns without price risk.\r\n\u003e With advertised \"expected returns\" ranging anywhere from 10% to 50%,\r\n\u003e it happens almost exclusively on unregulated platforms,\r\n\u003e and the source of returns is... unclear to say the very least.\r\n\u003e In the real world, anything beyond a 5% ARR reeks of horrible\r\n\u003e counterparty risk and probable default. In the land of decentralized\r\n\u003e finance, where intermediaries don't have to perform credit checks\r\n\u003e or comply with regulations, and where the value of your collateral\r\n\u003e goes up everyday, everything is supposedly possible (until it isn’t).\r\n\u003e\r\n\u003e [...]\r\n\r\n[\"$USDT's Endgame and Life After Tether\" - read the full article »](http://www.tr0lly.com/bitcoin/usdts-endgame-and-life-after-tether/)\r\n\r\n\r\n## What's News? Tetherino Breaking News\r\n\r\n### Crypto World in Shock as Tetherino Processes First Redemption Request\r\n\r\nMay 27, 2021\r\n\r\n**Undeniable proof of token redemption shocks the cryptosphere**\r\n\r\nTetherino sent shockwaves throughout the cryptosphere again, \r\nas acclaimed cryptocurrency critic Trolly McTrollface tweeted \r\nout the story in pictures of his successful tetherino redemption.\r\nMr McTrollface had originally questioned the trustworthiness of Tetherino's claims \r\nthat its tokens were really backed, and warned he would try to redeem his bags \r\nshould Tetherino offer the possibility of doing so.\r\n\r\n![](i/tetherino-redemption-closeup.png)\r\n\r\n\"Jesus Fucking Christ! That's a lot of commercial toilet paper\", \r\ntweeted Mr McTrollface. \"You've got appreciate the effort, really\", \r\nhe added, with a closeup photo of a Tetherino-certified commercial toilet paper roll.\r\n\r\n\r\n**Other tokens' business model in doubt**\r\n\r\nReached out for comment, other issuers who claim that their tokens are backed couldn't come up \r\nwith any intelligible comment. Shocked as they were to see that a token was actually backed by real things, \r\nthey declined to elaborate on their intentions to readjust their business model, \r\nor on their plans to get hacked, rug pull, or exit scam.\r\n\r\nThe community had grown accustomed to tokens backed by promises and bullshit attestations, \r\nso Tetherino's original claim to be backed by actual commercial toilet paper received \r\na \"meh\" rating from traders and investors. Its Independent Acountant's Attestation, \r\nsigned off by Madonzi \u0026 Associates, didn't do much to change perceptions, \r\nas the market had grown accustomed to bullshit attestations randomly published by other tokens, \r\nmostly stablecoins such as $USDT or $USDC.\r\n\r\nBut now that Tetherino's reserves are perceived as real, \r\nthe future of these stablecoins suddenly becomes uncertain. \r\nWill offshore crypto exchanges keep accepting these coins as collateral, \r\nknowing that there's a much more trustworthy alternative? Or will the cartel break?\r\n\r\n**Exchange listings and collateral rules rumoured to be under review**\r\n\r\nCrook Zhao (or \"CZ\", as he likes to be called), the CEO of Byenonce, a major crypto exchange, \r\ndeclined to comment on his plans for a change in collateral rules, \r\nbut we could distinctly hear him google \"tetherino\" during the few seconds that we had him on the phone.\r\n\r\nBrandon Footweak, another crypto exchange CEO, was reportedly seen kicking himself \r\nin the nuts on Tetherino redemption news, certainly a result of recently accepting $USDTs \r\nto be listed on his exchange. This ill-timed move seems to have put him on the wrong side of history \r\njust as the crypto paradigm is shifting towards more transparency and actual accountability.\r\n\r\n**Market cheers Tetherino**\r\n\r\nBitcoin jumped on the redemption bombshell news, stopping its slide downwards. \r\nCheers of relief were heard in trading rooms and parents' basements around the world, \r\nas a crypto bagholder was reported being seen throwing confetti in the air after almost getting rekt \r\non his You-Only-Live-Once (YOLO) long on BitMex, just to become lambo-rich minutes \r\nlater thanks to the Tetherino redemption news.\r\n\r\n\"This is certainly a game changer\", said Michelangelo Saylorino, \r\nan early backer of the revolutionary token. \r\n\"Humanity is just starting to realise what a game-changer this is\", he added, \r\ntaking a short break from issuing yet another convertible bond to go balls deep in TTR.\r\n\r\n\r\n\u003c!--\r\n  https://old.reddit.com/r/Theterino/comments/nm2omj/crypto_world_in_shock_as_tetherino_processes/\r\n  --\u003e\r\n\r\n\r\n### Tetherino Announces Framework For Liquidity Provider Network\r\n\r\nMay 27, 2021\r\n\r\nPaolino Ardoino, Tetherino's CTO, unveiled in a Twitter thread the token's playbook \r\nfor a global on-commercial toilet paper liquidity network. \r\nDubbed \"On-Demand Commercial Toilet Paper Liquidity Provider (ODCTPLP) Partner Network\", \r\nthis ambitious initiative will aim at setting up partnerships with local actors \r\nwho will maintain a stock of commercial toilet paper and tetherinos, \r\nacting as small-scale exchanges for instantaneous conversions.\r\n\r\n\r\n\u003e We've been working hard all yesterday afternoon to set up our framework \r\n\u003e for On-Demand Commercial Toilet Paper Liquidity Providers (ODCTPLP).\r\n\u003e The goal is to establish a worldwide network of ODCTPLP partners \r\n\u003e where you can exchange tetherinos for commercial toilet paper instantly.\r\n\u003e\r\n\u003e -- [Paolino Ardoino](https://twitter.com/ArdoinoPaolino/status/1398009042648416261)\r\n\r\nThis announcement is in line with the Tetherino white paper's promise of a \r\n\"Decentralized worldwide commercial toilet paper exchange\", \r\nbut with the first details of a practical implementation. \r\nIn the coming days, Tetherino will add on its website, tetherino.io, \r\na feature allowing anyone to apply for a Liquidity Provider Partnership (LPP).\r\n\r\n**Everyone can apply to become a partner**\r\n\r\nSelected applicants will receive a starting kit of 10 rolls of commercial toilet paper \r\nand a wallet with 5B tetherinos, \r\nto allow them to start acting as market makers for small conversions. \r\nIt would seem the amount of tetherinos could change in the future along\r\nwith the Tetherino Reserve Requirement Ratio, \r\nwhich stands for the official redemption rate of tetherinos against commercial toilet paper.\r\n\r\nReached out for comment, Mr Ardoino was adamant that anyone was eligible, \r\nas long as they made a promise of act in good faith and for the benefit of the Tetherino community at large. \r\n\"We hope each liquidity provider will become a successful entrepreneur\", explained Mr Ardoino, \r\n\"by earning a commission on the transactions they perform, \r\nwhich will help them grow their business and serve more customers\".\r\n\r\n**Not trying to replicate Ripple's scam**\r\n\r\nWhen asked if this on-demand liquidity initiative had been inspired by Ripple, \r\nTetherino's CTO answered, \"no, because we're not bullshitting anyone in the sole hope of \r\nselling more worthless shitcoins to idiots. We're actually setting up a real network, FULL STOP\". \r\nCommenting on the early pilot that his team has been running for the last few days, \r\nMr Ardoino said that the results were \"very potentially promising\".\r\n\r\n**Hints of a disrupting containers-not-parcels technology**\r\n\r\nIn previous interviews, Paolino Ardoino had floated the idea that this on-demand liquidity provider network\r\nwould enable instant commercial toilet paper transfers. \r\n\"Of course, those wouldn't be actual transfers, \r\nmore like the ability to source commercial toilet paper anywhere where a liquidity provider has some in stock\", \r\nhe conceded. \"However, to counter-balance fluctuations in local demand, \r\nwe're also working on setting up a network cargo shipping for commercial toilet paper, \r\nusing our proprietary containers-not-parcels technology developed \r\nin partnership with our early backer Nicotino Carterino\".\r\n\r\n\r\n\u003c!--\r\n  https://old.reddit.com/r/Tetherino/comments/nmhzy8/tetherino_announces_framework_for_liquidity/\r\n  --\u003e\r\n\r\n\r\n\r\n### Tetherino Announces It's FinCEN Compliant, Follows Money-Laundering \u0026 Know-Your-Customer (ML \u0026 KYC) Rules\r\n\r\nMay 28, 2021\r\n\r\nIn a three-tweet thread, Stuartino Hoegnerino, Tetherino's General Counsel, \r\nexplained that the token had set up an operational framework in compliance with the \r\nUS' Financial Crimes Enforcement Network (FinCEN) guidelines for Money Services Business (MSB). \r\nThis operational framework reportedly consists of a guy named Steve, who is Tetherino's only client, \r\nwho processes all their transactions, thus shielding the team from all and any liability.\r\n\r\n\u003e Taking a break from filling out Tetherino's registration with the FinCEN form.\r\n\u003e Tetherino complies with all ML\u0026KYC requirements. \r\n\u003e We know exactly who all our clients are, and what they're doing with the tetherinos we send them, \r\n\u003e thanks to our cutting-edge operational framework.\r\n\u003e\r\n\u003e -- [Stuartino Hoegnerino](https://twitter.com/StuartinoH/status/1398162541495435264)\r\n\r\nWhen reached out to comment, Steve confirmed that he's banking with Tetherino. \r\n\"I got introduced to them a few days ago by a longtime friend of mine, Samino Bankamino-Friedino, \r\nwho is an expert in these kind of setups. Samino and Hoegnerino helped me setup my account, \r\nand send me people who want to buy or sell me tetherinos. \r\nI take a small cut in the process, it's really neat.\"\r\n\r\n**Tetherino happy with Steve's performance**\r\n\r\nWhen asked if he wasn't afraid to be a frontman for potentially illegal money laundering operations, \r\nSteve said that he hadn't really thought about it, and that he trusted his longtime friend \r\nnot to screw him over this.\r\n\r\n\"Steve is a wonderful client\", told us Stuartino Hoegnerino. \r\n\"I want to be quoted on the record that he's absolutely free to accept or reject any and all potential clients \r\nthat we refer to him. If he's uncomfortable dealing with anyone, \r\nwe can establish a new relationship with Bob, who we keep as an option to become our second client. \r\nTether, for example, has at least three clients just like Steve or Bob, \r\nto be able to service their ever-growing money laundering business without any liability.\"\r\n\r\n**Innovation never sleeps**\r\n\r\n\"This is the kind of fintech innovation that will change the world\", said Paolino Ardoino, \r\nTetherino's CTO, as he joined the call. \"The crypto community as a whole, \r\nis really thankful to the FinCEN, the NYAG and the DoJ \r\nfor being such good sports and letting them do all this disruption. \r\nRegulators must understand that you can't cook an omelette without breaking some eggs, \r\nand that you can't revolutionise finance without doing some money laundering.\"\r\n\r\n**New products in the pipeline at Tetherino**\r\n\r\nWhen asked if money laundering was bad, Giancarlo Descamini, Tetherino's CFO, replied: \r\n\"Where some see problems, I see opportunity. While our critics waste their time accusing us of fraud, \r\nwe are working on our new product, the JAIL token, which will be redeemable \r\nfor our own brand of money laundering detergent\".\r\n\r\n\u003c!--\r\n  https://old.reddit.com/r/Tetherino/comments/nmry2u/tetherino_announces_its_fincen_compliant_follows/\r\n  --\u003e\r\n\r\n\r\n### Job Offer: Tetherino's Chief Market Manipulation Officer\r\n\r\nMay 31, 2021\r\n\r\nTetherino is looking for a talented and hungry candidate to fill their executive ranks. \r\nThe perfect candidate is experienced in trading and market making, and highly motivated to bring Tetherino to new highs, \r\nand our bagholder balances to new lows. More information below.\r\n\r\n**Job description**\r\n\r\nYour job as Tetherino's Chief Market Manipulation Officer will be to establish our proprietary trading strategy \r\nand to oversee our market-making operations. You'll need to work in close cooperation with our Shill Department \r\nand our Legal Department.\r\n\r\nThe ideal candidate should have at least 3 years of provable experience in any of the following: \r\nmanipulating markets, running pump \u0026 dumps, overseeing wash trading bots.\r\n\r\nFinancial market trading bans issued by a major regulating authority will be accepted as valid references.\r\n\r\n**Responsibilities**\r\n\r\n- run our washtrading bot\r\n- incite our community members to buy the dip just before the rug pull\r\n- post moon rocket toilet paper tweets\r\n- manage our liquidity pool\r\n- remind everyone how much $TTR is up since the last moment they panic sold at the bottom to our whalebot.\r\n\r\n**Compensation**\r\n\r\n- competitive, with an attractive bonus package\r\n- salary paid monthly in commercial toilet paper rolls.\r\n\r\n**Benefits**\r\n\r\n- work from anywhere you want\r\n- good health as long as you do what the boss says\r\n- extra-soft, at least A-2 rated toilet paper in the WC\r\n- in case you want to come to the office, we are doge friendly (but no Sabaka Inus)\r\n- you can use our washtrading bot and our liquidity to pump your own shitcoin or shittoken and cash out at the top, Charlie Lee style.\r\n\r\n\u003c!--\r\n   https://old.reddit.com/r/Tetherino/comments/nogehq/job_offer_chief_market_manipulation_officer/\r\n  --\u003e\r\n\r\n\r\n\r\n## Meta\r\n\r\n**License**\r\n\r\nThe awesome list is dedicated to the public domain. Use it as you please with no restrictions whatsoever.\r\n\r\n","funding_links":[],"categories":[],"sub_categories":[],"project_url":"https://awesome.ecosyste.ms/api/v1/projects/github.com%2Fopenblockchains%2Fawesome-tetherino","html_url":"https://awesome.ecosyste.ms/projects/github.com%2Fopenblockchains%2Fawesome-tetherino","lists_url":"https://awesome.ecosyste.ms/api/v1/projects/github.com%2Fopenblockchains%2Fawesome-tetherino/lists"}