Altcoins News

Story: Tether (USDT) 17/05/2021 and Publication of Reserves

By Dan Saada

1 / 9

Tether has just surpassed $45B market cap.  And, it was only in January when Tether tokens ($USDt) stood at US$25 billion.

2 / 9

Paolo made a statement that, “The 15th of April will be more interesting than the 14th for Bitcoin!

3 / 9

Someone tried to remind of By 17/05/2021.:  “Publication of Tether’s Reserves: On at least a quarterly basis for a period of two(2)years following the effective date of this…

4 / 9

Settlement agreement made In the Matter of Investigation by LETITIA JAMES, Attorney General of the State of New York, ofiFINEX INC., BFXNA INC., BFXWW INC.

5 / 9

For those who are new, the agreement mentions :  Tether represented to users that “Every Tether is always backed 1-to-1, by traditional currency held in our reserves.

6 / 9

In late February2019,Tether changed its representation, stating on its website that “[e]very tether is always 100% backed by our reserves, which include traditional currency and…

7 / 9

Perhaps, this might be the reason for why Tether recently published about, “Assurance Opinion Confirms Tether_to’s Reserves Fully Backed; Company Shares as Part of Ongoing…

8 / 9

However, several progressive developments are continuing to happen with Tether like the launch of Tether on Solana, where users have the benefit of being able to take the benefit…

9 / 9

Also, the recent excitement is about Tether tokens launching on Kusamanetwork and Polkadot networks.

The Currency Analytics

Want the full story?