Home / Tech / 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)

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)



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 …