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Tether says (or at least used to) that they have 1USD in the bank for every tether issued. They say they're fully-backed, so they better be.
by pionar 5y ago
Tether says (or at least used to) that they have 1USD in the bank for every tether issued.
They say they're fully-backed, so they better be.
- loeg 5y ago> Tether says (or at least used to) that they have 1USD in the bank for every tether issued. Yeah, they've since walked away from that particular claim (which was a lie). They do not have 1USD in a bank account for every USDT issued.