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Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

April 30, 2019 by DIGIT
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Tether does not have the fiat reserves to back its tokens, lawyers say

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Categories altcoin, BitFinex, new york, Stablecoin, Tether, USA
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  • bitcoinBitcoin(BTC)$69,350.00-4.07%
  • ethereumEthereum(ETH)$2,502.83-5.55%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$578.69-2.23%
  • solanaSolana(SOL)$167.09-4.29%
  • usd-coinUSDC(USDC)$1.000.03%
  • rippleXRP(XRP)$0.52-0.53%
  • staked-etherLido Staked Ether(STETH)$2,500.33-5.60%
  • dogecoinDogecoin(DOGE)$0.158756-7.15%
  • tronTRON(TRX)$0.168169-0.55%
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  • bitcoinBitcoin(BTC)$69,350.00-4.07%
  • ethereumEthereum(ETH)$2,502.83-5.55%
  • tetherTether(USDT)$1.00-0.08%
  • binancecoinBNB(BNB)$578.69-2.23%
  • solanaSolana(SOL)$167.09-4.29%
  • usd-coinUSDC(USDC)$1.000.03%
  • rippleXRP(XRP)$0.52-0.53%
  • staked-etherLido Staked Ether(STETH)$2,500.33-5.60%
  • dogecoinDogecoin(DOGE)$0.158756-7.15%
  • tronTRON(TRX)$0.168169-0.55%