Is the Stablecoin Tether (USDT) really covered by enough reserves? This question has been hanging like a sword of Damocles over the crypto space for a long time. But this could soon be finally clear.Not only the central banks let the money printing machines run at full speed in 2020. Tether Limited, publisher of the stablecoin Tether, also created more USDT tokens than ever before. Stablecoin critics question whether every USDT is really covered 1: 1 by the reserve of Tether Limited. But soon, there could be final clarity about Tether\u2019s financial position: On January 15, Tether and iFinex, operator of the Bitcoin exchange Bitfinex, had to give the New York Public Prosecutor\u2019s Office (Office of the Attorney General, OAG) access to their books. Both companies are subsidiaries of DigFinex Inc. There is also overlap on the executive floor.The OAG, then headed by Barbara Underwood, has had Bitfinex and Tether in its sights since 2018. At the center of the investigation is the allegation that the sister companies are said to have committed a criminal offense under Article 23-A of the New York Trade Act. The article concerns \u201cFraudulent Practices Relating to Stocks, Bonds and Other Securities.\u201dSince January 1, 2019, Underwood\u2019s successor Letitia James has been concerned with the Bitfinex \/ Tether case. In late April 2019, she filed a public lawsuit against iFinex with the New York Supreme Court. The allegation: Bitfinex is said to have secretly borrowed over $ 850 million from Tether in 2018 to cover up a liquidity shortage. Numerous Bitfinex customers complained about problems with withdrawing funds. That, in turn, had fueled rumors of a bankruptcy on the Bitcoin exchange.In a press release on April 24, 2019, the OAG stated:Our investigation has shown that the operators of the \u201cBitfinex\u201d trading platform, who also control the\u2026<\/p>","protected":false},"excerpt":{"rendered":"
O Stablecoin Tether (USDT) est\u00e1 realmente coberto por reservas suficientes? Esta quest\u00e3o esteve pendurada como uma espada de D\u00e2mocles sobre o espa\u00e7o criptogr\u00e1fico por um [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3221"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3221"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}