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1 Tether issued is supposedly backed by 1 USD
Apple Inc
(
NASDAQ:AAPL
)
MaureenRovitaSwanston
NASDAQ:AAPL
Apple Inc
Trend Analysis
4
1
trendanalysis
1 Tether issued is supposedly backed by 1 USD made as payment to Tether.
For every $1 deposited into a Tether account, a correlating 1USDT is minted.
If this is the case, why do Tether’s cash reserves account for less than 4% of their total backing?
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