Cryptocurrency Community Eyes Tether After Website Dilutes USD Backing Claims

14 Mar 2019

Cryptocurrency Community Eyes Tether After Website Dilutes USD Backing Claims

Developers behind stablecoin Tether (USDT) have drawn scrutiny today, March 14, after social media users noticed they had removed previous claims that the altcoin was fully backed by United States dollars.

Tether, which has faced various publicity hurdles over the transparency of its holdings, had de facto guaranteed that each of its USDT tokens had an equivalent 1 USD in the bank.

Facebook Comments

You can comment on Cryptocurrency Community Eyes Tether After Website Dilutes USD Backing Claims using Facebook here

Disqus Comments

Join the discussion on Cryptocurrency Community Eyes Tether After Website Dilutes USD Backing Claims using Disqus