Stablecoin giant Tether recently updated its website to state that the company’s reserves are not backed by one-to-one by the US dollar. Language explaining the product previously stated that each Tether would always be backed one-to-one by traditional fiat currency held in reserve.
Is Tether backed by Fiat Website changes seem to say otherwise
2022-10-25 11:30:4202:17 39
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