Tether Fined $41 Million Over Misleading Claims That Stablecoins Were Fully Backed by US Dollars

One week after Bloomberg spilled the beans that Tether may not actually have the $69 billion it says it does, it appears that the Commodity Futures Trading Commission (CFTC) has come to the same conclusion. On Friday, the CFTC revealed that it has fined Tether $41 million over making false claims that each of its … Continue reading Tether Fined $41 Million Over Misleading Claims That Stablecoins Were Fully Backed by US Dollars