Tether Updates Website, Says USDT Backed by Reserves, Not Just Cash

n nn nn Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were always backed 1-to-1 with traditional currency, are backed by assets other than fiat currency.Now, the website instead reassures its patrons that its always 100 backed by its reserves. It clarifies this vague language, even legalistic language, by saying these reserves include traditional currency and cash equivalents and, from time to time, may include oth
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