Tagged: usdt

Tether Lawyer Admits the Stablecoin Only 74% Backed

A lawyer for iFinex, the company behind the Bitfinex cryptocurrency exchange and”stablecoin” Tether (USDT), has admitted in an affidavit that the company only has enough cash on hand to cover 74% of the tethers it has issued into cryptocurrency trading markets. In the affidavit, “Stuart… Read More

Bitfinex Opens Margin Trading For USDT/USD Pair

Bitfinex, a digital asset trading platform, announced last week it has opened margin trading for USDT/USD pair to improve its stablecoin offering in line with market evolution and consumer demand. The platform revealed in a blog post: “At Bitfinex we work tirelessly to ensure our platform… Read More

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