Tether’s general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
Source: https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents
Source: https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents
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