Tether’s First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper

From coindesk The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General. Tether revealed the breakdown of its reserves for the first time, casting another sliver of light on the backing of USDT (0%), the largest cryptocurrency pegged to the U.S. dollar. Much remains murky, […]

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