Tether quietly updated the USDT token security policy to include “cash equivalents”

The USDT token linked to the US dollar, as was assumed until recently, is fully secured with hard currency. However, the latest revision on the website of the issuer of steblockcoin of the company Tether says that the situation is now different.

We are talking about the USDT collateral section, and as the company now claims, each coin is provided with “reserves that include traditional currency and cash equivalents, as well as, from time to time … other assets and upcoming loan proceeds that Tether provided to third parties ".

At the same time, the company insists that each token is still pegged to the USD in the ratio of 1×1.

Earlier, Tether stated that all USDT coins are 100% secured by the US dollar. In part, these allegations at the end of last year were confirmed by the Bloomberg publication.

The new edition on the Tether website has already been commented on by users of Reddit. According to Toyake, you can now officially say that the USDT is not 100% guaranteed by the US dollar.

Tether Once Again Pulls a Sneaky Update from CryptoCurrency

At the same time, The Block suggests that the new wording may be related to the investigation , which the US Department of Justice, together with the US Commodity Futures Trading Commission (CTFC), initiated against Tether in November 2018.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.