Tether Under Fire: Allegations of Borrowed Backing for USDT
Tether (USDT), the largest stablecoin globally, faces serious allegations following a viral post by crypto analyst Deso. The claims suggest Tether may be using borrowed funds to back its digital currency instead of being fully supported by actual US dollars. This revelation raises significant concerns about Tether’s stability, potentially impacting the entire cryptocurrency market. Investors are advised to follow these developments closely and assess the risks involved with USDT. Transparency and accountability remain crucial as the crypto market matures. Stay updated as this story unfolds in the crypto community.