Tether, the market-leading stablecoin in both market capitalization and controversy, made changes to its legal terms of service that indicate that USDT is not fully backed one-to-one by US dollar reserves. Instead, these new terms suggest that USDT is backed by other assets, including loans made to third parties, calling into question the soundness of […]The post Tether’s Lack of Fiat Backing Could be Catastrophic for Bitcoin, Analyzing USDT’s Troubling Terms of Service appeared first on CryptoSlate.