Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

Tether does not have the fiat reserves to back its tokens, lawyers say

You may also like

• Metaverse opens the gateway for luxury NFTs to become a multi-billion market
• FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
• Bitcoin hovers near $48K ahead of fresh key US inflation data
• Russia prioritizes CBDC ruble as overall crypto outlook seems positive