Tether’s New Update Suggests USDT Is Not 100% Backed With Fiat30

Tether, the company behind one of the biggest and most widely used stablecoins on the market (USDT), has updated the terms on its website to further clarify how their reserves work. The small update, however, suggested that its USDT coin is not 100 percent backed by US dollars, a claim many have come to criticize.

The world of cryptocurrencies has always been a tumultuous one, with new market-breaking scandals and scam allegations almost every day. Tether, one of the more controversial big players in the industry, has been under the spotlight since the creation of its stablecoin in 2014.

Original source
https://cryptoslate.com/tethers-new-update-suggests-usdt-is-not-100-backed-with-fiat/

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