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Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

Tether Ltd.’s Bahamas-based bank, Deltec, said on Friday that the company’s stablecoin is fully backed by reserves, downplaying resurgent fears about the cryptocurrency’s integrity. “Every tether is backed by a reserve and their reserve is more than what is in circulation,” Gregory Pepin, Deltec Bank deputy CEO, said on the latest episode of the Unchained […]Read More