South Korean crypto-exchange Upbit promised users to compensate to the full extent their possible losses in the event of the collapse of Tether and USDT. This is reported by Etoday ko.
We are aware of various suspicions about Tether. We compensate the entire amount to customers who have deposits in USDT on our exchange, in case of problems.
Previously, users have repeatedly expressed doubts that Tether has the necessary amount of deposits in real US dollars to provide all the released tokens USDT.
At the moment of press, only 0.26% of whole Tether volume is being trade at Upbit.
These are main USDT market parameters:
- Average price: $1.01
- Market Cap: $2 232 239 542
- 24h Volume: $5 161 760 000
Few weaks ago, famous economist Dr. Doom accused Tether in recent Bitcoin price dump.