Tommaso
Thu Jun 27 2024
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7 answers
1202
Is Tether 100% backed?
As a keen observer of the cryptocurrency market, I've often heard about Tether's claim of being fully backed. However, I'm curious to delve deeper into this matter. Could you elaborate on whether Tether is indeed 100% backed? What form of collateral or reserves does it rely on to maintain this pegged value? Are there any audits or transparency measures that can verify this claim? Additionally, what are the potential risks or implications if Tether is not fully backed as it claims? I'd appreciate a comprehensive answer that addresses these concerns.
