Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

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Tether is Fully Backed, Always Redeemable for USD 1 , Co-Founder Says

   Altcoin News stablecoin terra Tether    May 24, 2022  |  0

 
“I strongly believe that [tether] is fully backed, and you will never have any issues redeeming it,” Tether co-founder and BLOCKv CEO Reeve Collins has said.
Speaking in an interview with CNBC on Monday, Collins said that the popular stablecoin tether (USDT) is “still backed 1:1” by reserves, although he noted that this backing is no longer just cash in a bank account….
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