Tether drops the claim that it's "always backed 1-to-1 with traditional currency", now says it's "100% backed by reserves", emboldening the stablecoin's critics (Colin Harper/Bitcoin Magazine)
Tether drops the claim that it's “always backed 1-to-1 with traditional currency”, now says it's “100% backed by reserves”, emboldening the stablecoin's critics — Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were …
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