Jun 25, 2018Â â‹…Â 1 min read
According to data from Omni Explorer, Tether ($USDT) minted $250 million worth of USDT tokens today, 6/25/2018. Per the company's website, Tether is "always backed 1-to-1, by traditional currency held in [their] reserves" so 1 USDT is always worth 1 USD. The move faced a backlash from critics as the stablecoin lacks official public audits, which undermines the company's legitimacy and its claims about the backing.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in