Tether's bank says it invests customer funds in bitcoin, prompting new questions about whether the dollar-pegged USDT stablecoin is actually in any way backed by the leading cryptocurrency.
by @nikhileshdehttps://trib.al/o5wQUg4
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Not sure how you connect 1 & 2 into 3. 1. Tether is a Deltec customer 2. Deltec purchases Bitcoin for some customers 3? Deltec buys Bitcoin for some customers hence there are questions around how Tether is backed Can’t a bank have multiple customers with bitcoin interest?
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So what percentage of tether is backed by btc
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