Tether’s New Update Suggests USDT Is Not 100% Backed With Fiat Tether’s New Update Suggests USDT Is Not 100% Backed With Fiat Cryptoslate USDT

Tether, the company behind one of the biggest and most widely used stablecoins on the market (USDT), has updated the terms on its website to further clarify how their reserves work. The small update, however, showed that its USDT coin is not 100 percent backed by US dollars, a claim many have come to criticize. ...