Tether to Updated the USDT "100% Backed" Policy

Now, “reserves ... from time to time, may include other assets and receivables from loans made by Tether to third parties"
14 March 2019   163

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 stablecoin of Tether company says that the situation is now different.

The 100% Backed section at Tether websites says: “reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”)."

At the same time, the company insists that each token is still pegged to the USD in the ratio of 1x1.

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.

Huobi & OKEx to List USDT-TRON

Both exchanges note that the listing of a new token is due to the desire to provide users with access to a variety of stablecoins
22 March 2019   134

Huobi Global and OKEx in two separate statements announced their intention to support the USDT, which is preparing to be launched on the Tron blockchain in the second quarter.

At the beginning of the month, Tron and Tether announced a partnership aimed at launching USDT in the TRC-20 format, which complies with the technical standard of the Tron blockchain. The new token is intended for use in all decentralized applications in the Tron ecosystem and is designed to increase its liquidity.

Huobi Global and OKEx note that the listing of a new token is due to the desire to provide users with access to a variety of stablecoins. Both exchanges will support USDT in three formats: on the Bitcoin blockchain via the Omni protocol, on the Ethereum blockchain in the ERC-20 format and on the Tron blockchain.