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Is Tether backed by Fiat? Website changes seem to say otherwise.

Originally Published
March 15th, 2019
Stablecoin giant Tether recently updated its website to state that the company’s reserves are not backed by one-to-one by the US dollar. Language explaining the product previously stated that each Tether would always be backed one-to-one by traditional fiat currency held in reserve

20190315 | NOB


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