Tether (cryptocurrency)
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Tether is a cryptocurrency token claimed by its creators to be backed by one dollar for each token issued, [1] though Tether Limited has not issued a promised audit of their currency reserves. Tether was issued bitfinex usdt price the Bitcoin blockchain through the Omni Layer Protocol. Tether tokens are issued by Tether Limited. The Tether model is to hold all United States Dollars in reserve so that it can meet customer withdrawals upon demand.
A blockchain critic [25] [26] has raised questions about the relationship between Bitfinex and Tether, [16] [22] [27] accusing Bitfinex of creating "magic Tethers out of thin air". In SeptemberTether published a memorandum from a public accounting firm that they then said showed that tethers were fully backed by US dollars [28] ; however, according to the New York Bitfinex usdt priceindependent attorney Lewis Cohen stated the document, because of the careful way it was phrased, does not prove that the Tether coins are backed by dollars".
The accounting firm specifically stated that. This information is intended solely to assist the management of Tether Limited Tether is not a legal tender currency or a financial instrument. Tether Limited is not a bank bitfinex usdt price is not required to, and does not, hold its reserves at the Federal Reserve.
Tether tokens are not legal tender currency and are not covered by deposit insurance. From Wikipedia, the free encyclopedia. Archived from the original on February 7, Retrieved February 10, Archived from the original on 5 December Retrieved 5 December Retrieved February 24, Archived from the original on 30 October Retrieved 24 October Archived from the original on 8 December Archived from the original on 1 October Archived from the original on 27 January Retrieved 5 February Retrieved 10 Mar Casey 8 Jul Retrieved 25 February Archived from the original on 21 November bitfinex usdt price The Wall Street Journal.
Archived from the original on 28 September The New York Times. Archived from the original on 22 November Retrieved 23 November But leaked documents known as the Paradise Papers, which bitfinex usdt price made public this month, show that Appleby, an offshore law firm, helped Mr. Retrieved 12 February Archived from the original on 7 December Archived from the original on 12 December Retrieved 21 December Archived from the original on 28 January Archived from the original on 23 December Retrieved 24 December Archived from bitfinex usdt price original on 21 December Retrieved from " https: Pages with citations lacking titles Pages with citations having bare URLs Use bitfinex usdt price dates from February All articles with failed verification Articles with failed verification from December Views Read Edit View history.
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