A look inside the stablecoin giant’s asset reserves after its issuer released the latest attestation
Victoria Vergolina
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Did you know that Tether, a stablecoin that trades under the ticker USDT, is the third-largest digital token by market value? It’s also one of the most actively traded tokens in the entire ecosystem. And unlike some of its volatile counterparts, Tether comes with two promises. One: each Tether has a stable value, and that value is $1. And two: that each of those tokens is backed by a “real” dollar, or similarly liquid and reliable financial asset, like a bond issued by the US government. Those promises have not always been kept, and that’s something that keeps Tether in the crosshairs of regulatory scrutiny and investor speculation.
Bloomberg reporter Emily Nicolle joins this episode for the latest on Tether and its asset reserves.
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