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Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents
Tether's general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
By Nikhilesh De
Updated Sep 13, 2021, 9:07 a.m. Published Apr 30, 2019, 3:47 p.m.
