A paper published by Tether itself reports that only 10% of its stablecoin assets are backed by cash. And even though this is an improvement from 3%in May, this is still highly concerning. And this leaving aside the immense legal challenges it faces in the days to come ahead
There are a lot of extremely good stablecoins out there backed by solid projects.Invest in them
If you still hold Tether please remove it from your portfolio before its too late.
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