All is well: tokens USDT backed by $ 100 percent
Source:
According to the latest accounts from the Bank, rumors about the poor condition of the Tether may be a complete fabrication. The company behind the main steilcoom of the stock market, has enough Fiat in their reserves. They have enough money to support each token USDT one dollar. According to representatives of the company their total amount of reserves reaches $ 2.2 billion.
theTether is not Scam
Recently, Bloomberg published an article where the journalists acknowledged that as at 31 January 2018 in the accounts of the Tether was $ 2.2 billion. This figure almost coincides with the USDT number of tokens in circulation at that time.
Information has become public only now. Recently, the company behind the issue USDT, became the object of investigation of the Commission on trade commodity futures (CFTC). The firm was charged in false data regarding USDT and manipulation of the Bitcoin exchange rate.
Source: Bitcoinist
Moreover, the Tether was fully earned during bullrun last year. In the fall of 2017, the number of tokens in circulation is completely consistent with the Fiat reserves of the company. The situation was commented the chief counsel Tether Stuart Hegner.
As a company that takes very seriously their legal obligations, we cannot comment on or acknowledge the existence of the subpoenas or similar official requests.
The Law firm of Freeh, Sporkin & Sullivan, LLP (FSS) rendered a satisfactory verdict.
The Amount of unencumbered assets exceed the balance of the Tether is fully supported on USDT 1 June 2018.
We will Remind, on October 31, the company said that their new banking partner Deltec Bank & Trust Limited (Deltec), located in the Bahamas, holding of 1.83 billion dollars in their accounts. The number of USDT in circulation that day coincides with the above number.
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