Tether is Not 100% Backed By USD



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?

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