Tether’s New Terms of Service Spark Fractional Reserve Concerns13.2

Popular stablecoin Tether has updated its  Terms of Service (TOS) on February 26th, once again raising questions over its dollar peg.

Tether 00 has regularly come under suspicion over its claims that it’s 1-to-1 backed by the US Dollar and that it has been used to manipulate Bitcoin prices. In June 2018, Bitcoinist reported on a paper by two researchers at the University of Texas, who claimed to have identified potential evidence of direct price manipulation since November 2017.

Original source
https://bitcoinist.com/tether-terms-service-fractional-reserve/

Add comment

Please Sign in to be able to leave comments.