Tether’s Bank Says It Invests Customer Funds in Bitcoin, Raising Questions About Possible Backing
15 January 2021 - 9:51AM
CoinDesk
Deltec, Tether’s Bahamas-based bank, announced Thursday it was
investing customer funds in bitcoin. The announcement, made by
Deltec Bank & Trust Chief Investment Officer Hugo Rogers during
a year-in-review video, raises new questions about whether the
dollar-pegged USDT stablecoin, which is in theory backed by cash
and “cash equivalents,” as well as “other assets and […] ...
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