Tether Lawyer Confirms Stablecoin 74 Percent Backed by Cash and Equivalents

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Tether's general counsel acknowledges that USDT is only 74% backed by cash and equivalents in a new affidavit.

via CoinDesk https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents