Katherine Polk Failla, who serves as a judge in the U.S. District Court for the Southern District of New York, recently ordered the parent company of Tether (USDT) to provide financial records of the USDT stablecoin in the court as a part of the proceedings. The legal case does not …
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The USDT token of Tether is backed up by US Dollars. This cash-backed Tether implies that the stablecoin entity must consist of a reserve of funds in its holding that is equal to the USDT tokens that are presently in circulation. Let us have a look at some of the …
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