Tether Not Fully Backed – ETHNews.com

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In an affidavit containing the subheading “Tether Holders Are Not at Risk,โ€ Stuart Hoegner, a lawyer representing Tether, admits that the company only has the fiat reserves to back about 74 percent of its coins. However, Zoe Phillips, another attorney representing Tether, claims the platform does not need to back every token it issues.

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