1 Tether issued is supposedly backed by 1 USD made as payment to Tether.
For every $1 deposited into a Tether account, a correlating 1USDT is minted.
If this is the case, why do Tether’s cash reserves account for less than 4% of their total backing?
For every $1 deposited into a Tether account, a correlating 1USDT is minted.
If this is the case, why do Tether’s cash reserves account for less than 4% of their total backing?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.