LOL – Cryptocurrency stablecoin TETHER only backed by 3.9% CASH
Tether has released a statement showing their monetary allocations. This isn’t the actual legal document requested by the NYAG. This is something else. So…per Tether: The majority of its assets are in ‘commercial paper’. Aka IOU’s. Since Tether also owns Bitfinex, it seems Tether prints, then hands them over to Bitfinex for an IOU promissory … Read more