General counsel to both Bitfinex and Tether says in an affidavit that the USDT stablecoin is only 74% backed by cash and equivalents as of April 30 (Nikhilesh De/CoinDesk)
General counsel to both Bitfinex and Tether says in an affidavit that the USDT stablecoin is only 74% backed by cash and equivalents as of April 30 — The USDT stablecoin is only about 74 percent backed by fiat equivalents as of April 30, says its issuer's general counsel.
from Techmeme http://bit.ly/2GTnO5a
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