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Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

April 30, 2019 by DIGIT
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Tether does not have the fiat reserves to back its tokens, lawyers say

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Categories altcoin, BitFinex, new york, Stablecoin, Tether, USA
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  • bitcoinBitcoin(BTC)$67,959.000.17%
  • ethereumEthereum(ETH)$2,008.732.17%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$1.482.04%
  • binancecoinBNB(BNB)$621.540.80%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$85.00-0.15%
  • tronTRON(TRX)$0.280285-0.52%
  • dogecoinDogecoin(DOGE)$0.1010062.35%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.031.38%
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  • bitcoinBitcoin(BTC)$67,959.000.17%
  • ethereumEthereum(ETH)$2,008.732.17%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$1.482.04%
  • binancecoinBNB(BNB)$621.540.80%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$85.00-0.15%
  • tronTRON(TRX)$0.280285-0.52%
  • dogecoinDogecoin(DOGE)$0.1010062.35%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.031.38%