Tether’s Massive Bitcoin and Gold Reserves: A Closer Look at USDT’s Backing
Tether’s Massive Bitcoin and Gold Reserves: A Closer Look at USDT’s Backing Since its inception in 2014, Tether, the stablecoin issuer behind the US Dollar-pegged cryptocurrency USDT, has maintained that its digital tokens are backed one-to-one by traditional assets. However, the exact nature and composition of these reserves have long been a subject of debate…