Tether in the spotlight amid claims of using borrowed money to back USDT

A recent viral thread by crypto analyst Deso has thrust Tether, the issuer of the world’s largest stablecoin USDT, under intense scrutiny for allegedly relying on borrowed funds rather than real US dollars to maintain its dollar peg. Tether’s promise of a one-to-one backing with the US dollar has underpinned trillions of dollars in trading […]