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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)$89,331.00-3.32%
  • ethereumEthereum(ETH)$3,023.09-4.16%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-3.51%
  • binancecoinBNB(BNB)$884.15-2.17%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$133.32-4.37%
  • tronTRON(TRX)$0.285988-0.19%
  • staked-etherLido Staked Ether(STETH)$3,023.60-3.96%
  • dogecoinDogecoin(DOGE)$0.139853-5.51%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$89,331.00-3.32%
  • ethereumEthereum(ETH)$3,023.09-4.16%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.03-3.51%
  • binancecoinBNB(BNB)$884.15-2.17%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$133.32-4.37%
  • tronTRON(TRX)$0.285988-0.19%
  • staked-etherLido Staked Ether(STETH)$3,023.60-3.96%
  • dogecoinDogecoin(DOGE)$0.139853-5.51%