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May 1, 2019, 6:19 am104 pts
The Next Web
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2.1 billion in cash and short-term securities. “As of the date…
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