2018-9-16 21:30 |
Cryptocurrency exchange DigiFinex on Friday replaced Tether (CRYPTO: USDT) with TrustToken’s stablecoin called TrueUSD (CRYPTO: TUSD). DigiFinex said on its website that it had concerns about the existence of U.
S. dollar reserves that are supposed to fully back Tether, the eighth largest cryptocurrency in terms of market capitalization ($2. 76 billion).
The Singapore-based exchange has daily trading volume of nearly $120 million.
Tether has remained controversial because of lack of conclusive audits that attest to the full backing of 2. 75 billion USDT coins in circulation.
Continue reading Tether Replaced Amid Dollar-Reserve Concerns: DigiFinex at Crypto Daily™.
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