Tether backed by USD – USDT claims that most of its backing is not in commercial paper, and connection to Celsius
There have always been questions about the true backing of Tether’s reserves, and rumours have claimed that 85% of its portfolio is held in Chinese and Asian commercial paper. On Wednesday, Tether issued a statement denying these claims as “completely false” and so far, USDT has maintained its peg to the US dollar. Contrary to …