Rumors about stablecoin Tether not being fully backed by dollar reserves are looking increasingly thin, according to the latest bank statements, which show that USDT is fully backed by dollar reserves. 2.2 Billion in the Bank Purportedly, statements from four separate months, detailing the cash held in Tether’s accounts, confirm the Tether USDT stablecoin is fully backed by dollar reserves. Bloomberg reveals the latest statement showing that $2.2 billion was present in Tether’s account at Puerto Rico’s NobleRead MoreThe post Stablecoin Tether is Fully Backed By Dollars, New Bank Statement Reveals appeared first on Bitcoinist.com.
