Report Says Tether Is Fully Backed By Dollars In Reserves, Questions Still Linger

Tether has released a report that proves that its claim that every USDT token is backed by a dollar in reserves is genuine. In its transparency report, the company revealed that an audit had been carried out by a renowned Washington-based law firm and that it had proven that the company had an approximately equal amount of dollars in its two bank accounts to back the USDT tokens in circulation. The report also reiterated Tether’s, and its sister company Bitfinex’s commitment and stri