Tether, the operator of the USDT stablecoin, on Wednesday derided speculation that the token is backed by low-rated debt. The firm said in a press release that recent “rumors” that the portfolio used to back USDT consists of Chinese or Asian commercial papers are “completely false.” It also denied any exposure to beleaguered lender Celsius, The post Breaking: Tether Clears Air Over USDT Backing As Crypto Collapses appeared first on CoinGape.
