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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)$95,336.00-1.67%
  • ethereumEthereum(ETH)$3,297.32-1.03%
  • tetherTether(USDT)$1.00-0.12%
  • rippleXRP(XRP)$2.21-0.83%
  • binancecoinBNB(BNB)$650.76-1.23%
  • solanaSolana(SOL)$181.490.84%
  • dogecoinDogecoin(DOGE)$0.314438-1.54%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,292.01-0.80%
  • cardanoCardano(ADA)$0.89-0.94%
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  • bitcoinBitcoin(BTC)$95,336.00-1.67%
  • ethereumEthereum(ETH)$3,297.32-1.03%
  • tetherTether(USDT)$1.00-0.12%
  • rippleXRP(XRP)$2.21-0.83%
  • binancecoinBNB(BNB)$650.76-1.23%
  • solanaSolana(SOL)$181.490.84%
  • dogecoinDogecoin(DOGE)$0.314438-1.54%
  • usd-coinUSDC(USDC)$1.00-0.05%
  • staked-etherLido Staked Ether(STETH)$3,292.01-0.80%
  • cardanoCardano(ADA)$0.89-0.94%