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   164

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.

Tether to Issue Tron Based Stablecoin

New stablecoin is USDT launched on Tron blockchain and it will be compatible with all protocols and decentralized Tron-based applications
05 March 2019   184

Tether and the developer of the Tron protocol have announced a partnership in which the USDT token will be launched on the Tron blockchain. The new asset will join the Tether family of stablecoins on Bitcoin and Ethereum blockchains.

The TRC-20 USDT Token will be compatible with all protocols and decentralized Tron-based applications. Its launch is expected in the second quarter of this year.

The statement also says that Tether was originally conceived as a tool that would not depend on any one blockchain.

We are pleased to announce this collaboration with the Tron Foundation. This integration underlines our commitment to furthering innovation within the cryptocurrency space as we continue to anticipate the needs and demands of the digital asset community.

Jean-Louis der Velde

Chief Executive Officer of Tether

According to him, the USDT token of the TRC-20 standard will be the next step in the development of the company and demonstrates its commitment to spreading innovation in the cryptocurrency space and striving to meet the needs of the community formed around digital assets.

Meanwhile, the head of the Tron Foundation, Justin Sun, said that, along with Tether, Tron is taking an important step towards decentralized finance. According to him, the emergence of  own stablecoin will favorably affect the entire ecosystem and facilitate institutional investors access to the Tron blockchain.