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by alchemist1e9
596 days ago
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Actually, the NYAG settlement doesn’t support that conspiracy theory. The investigation found no evidence that Tether printed USDT ‘out of nothing’ to manipulate Bitcoin. The issues raised were about transparency in Tether’s reserves during specific periods when funds were managed by third parties, not about unbacked issuance. Tether has since updated its policies, making clear the types of assets backing USDT. |
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