Tags Used: Chelsea Roh, tether usdt, tether price movement, tether price, Tether, recent news, prconnect
Tether (USDT) & Bitcoin (BTC) – A new study has surfaced this morning putting Tether in the negative spotlight once again. Last December, Tether was subpoenaed by the U.S Commodity Futures Trading Commission to provide proof that the digital currency was in fact back by a reserve of U.S. dollars. Bitfinex was also subpoenaed due to it losing banking relationships, but continued to remain operational.
CEO of Bitfinex, JL van der Velde, spoke out against the accusations last year in an emailed statement and said:
“Bitfinex nor Tether is, or has ever, engaged in ...
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