Tether says its Stablecoin is ’Fully Backed’

Tether says its Stablecoin is ’Fully Backed’

In response to what it described as ’a flawed paper’ written by John Griffin, a professor of finance at the University of Texas at Austin, and Amin Shams, an instructor the Ohio State University, Tether said all its tokens are fully backed by reserves. Tether pushed back on the claim by the researchers, saying ’the revised paper is a watered-down and embarrassing walk-back’ of the first version.

Timothy
Timothy
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