Whether the Tether stablecoin (USDT) has been fully backed with reserves has been a question for years. In 2019, skeptics were vindicated after the New York Attorney General’s office announced there was a roughly $850 million hole caused by Tether loaning funds from its reserve to Bitfinex, its sister company. Still, Tether claimed it had patched the hole and was fully backed again in the years following that announcement.
Related posts
-
Tether Closing In On Historic $120 Billion Market Cap Milestone
Este artículo también está disponible en español. Tether (USDT), the world’s largest stablecoin and the third... -
Judge Extends Deadline for U.S. Securities and Exchange Commission To Produce Documents in Coinbase Court Battle
A judge has granted the U.S. Securities and Exchange Commission’s (SEC) request for a deadline extension... -
New charges — new problems: Will Tether survive them?
Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT...