Ripple’s Performance During Q1 2019
Tether Not Fully Backed
In an affidavit containing the subheading «Tether Holders Are Not at Risk,” Stuart Hoegner, a lawyer representing Tether, admits that the company only has the fiat reserves to back about 74 percent of its coins. However, Zoe Phillips, another attorney representing Tether, claims the platform does not need to back every token it issues.
