Tether drops the claim that it's "always backed 1-to-1 with traditional currency", now says it's "100% backed by reserves", emboldening the stablecoin's critics (Colin Harper/Bitcoin Magazine)

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Colin Harper / Bitcoin Magazine:

Tether drops the claim that it’s “always backed 1-to-1 with traditional currency”, now says it’s “100% backed by reserves”, emboldening the stablecoin’s critics  —  Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were …



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