Ethereum World News
2020-09-25 10:47:18

Weiss Ratings: Avoid Exposure to Tether (USDT)

In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via smart contracts The team at Weiss Ratings has provided a hard-hitting recommendation to crypto-traders by suggesting that they should avoid exposure to the stablecoin of Tether […]

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