CoinSpeaker Dollar-Pegged USDT is Not Really Pegged by Dollar? Here’s How Tether Explains This
Several feuds in the cryptocurrency world have raised arguments since time immemorial. The most recent is about Tether. The largest stablecoin in the entire crypto ecosystem recently updated their official website to explain how their reserves work. In the past, the company had purported that 1 USDT was backed by 1USD in reserves.