Law firm confirms Tether was — as of June 1 — 100% backed by U.S. dollars, but questions remain
June 20, 2018 at 16:22 PM EDT
Embattled cryptocurrency firm Tether announced today that a third-party legal services firm confirmed that on June 1, 2018, at the close of business, the company’s Tether balance was 100% backed by U.S. dollars.