CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5M
&gt; Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018<p>With how shady they acted I would have assumed that number was 0%.  A bit shocked it wasn&#x27;t a total scam to be honest, even if they did misrepresent that it was in fiat not risky investment assets.