257 Views

Tether is Not 100% Backed By USD

257 Views
Share


Mentions

There has been a lot of drama going on around Tether in the past year, with different sources claiming it's not fully backed - 1 USDT in circulation should be backed by 1 USD in Tether's reserves. Earlier today, Tether changed the terms and conditions on its website regarding the 1:1 peg. They added that on top of US Dollars, they have other assets in reserve, which completely tarnishes the whole reason for the stablecoin.

What is a stablecoin?

Show More