$1M bounty for details on Tether’s backing
Back in 2019 Tether was proven to NOT be backed 1:1 in USD. Rather it is backed 74% by fiat AND cash-equivalents. So that 74% is not even 74 literal cents.<p>Article: <a href="https://www.coindesk.com/markets/2019/04/30/tether-lawyer-admits-stablecoin-now-74-backed-by-cash-and-equivalents/" rel="nofollow">https://www.coindesk.com/markets/2019/04/30/tether-lawyer-ad...</a>