Tether, the USD-pegged coin that’s no longer backed by USD
Ever since it was first introduced, there have been questions about the legitimacy of the Tether (USDT) stablecoin.
Ever since it was first introduced, there have been questions about the legitimacy of the Tether (USDT) stablecoin.
Tether, which trades at around 1:1 with the U.S. dollar, has just printed a quarter of a billion USDT tokens, according to the Omni Explorer.
Questions about how Bitfinex is staying afloat with no publicly known bank backing them is inciting dangerous theories.
Tether states that “$30,950,010 USDT was removed from the Tether Treasury wallet on Nov 19, 2017 and sent to an unauthorized bitcoin address.