Tether Issues New $250M Tokens; Enters Top-10 Cryptocurrencies

Tether Issues New $250M Tokens; Enters Top-10 Cryptocurrencies

For the past year or so, whenever the cryptocurrency startup Tether caught some headlines, it was usually because of another controversy surrounding it – mostly about its dubious affirmation that its “stablecoin” USDT is backed by real USD at a 1:1 ratio. for This time, however, the recent news from Tether are not bad; in fact, they’re not bad at all for a change… Yesterday, on June 25th, Tether surprisingly infused the crypto market with…

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Skepticism Hovers over Cryptocurrency Startup Tether

Skepticism Hovers over Cryptocurrency Startup Tether

There’s a lot of buzz recently around the cryptocurrency startup, Tether, and not the good kind. Tether asserts that it converts cash into digital currency (to the crypto USDT) that is backed by conventional money at a 1:1 ratio; meaning, that 1 USDT is allegedly equal to 1 USD. Yet, there have been numerous allegations that Tether does not actually back all of its assets as it proclaims. In order to fight these allegations, last…

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