Tether News

Tether was the first stablecoin to make an appearance on the scene, but from day 1 it was fraught with accusations that it wasn’t fully pegged to the US Dollar. Tether allows crypto traders to hedge crypto portfolio risk without cashing out and incurring excessive exchange fees. Tether has undergone multiple audits from security and accountancy firms, all of which were terminated early or given a small portion of company data. Tether recently updated the wording in its terms to say that it might hold a portion of its reserves in currencies other than the US Dollar.